SY Panel Nepal Limited has completed its IPO allotment today, with 4,07,609 applicants receiving 10 shares each and 6 applicants receiving 11 shares.
SY Panel Nepal Limited has completed the allotment of its IPO issued to the general public from Kartik 19 to 23. According to the issue manager, Prabhu Capital Limited, a total of 4,07,609 applicants received 10 shares each, while 6 applicants received 11 shares through the lottery process. Earlier, the company had already issued and allotted shares to project-affected locals and Nepalis working abroad.
The company had offered 40,76,156 shares to the general public at a face value of 100 rupees per share, amounting to 40 crore 76 lakh 15 thousand 600 rupees. In the first phase, 2,61,629 shares were allotted to project-affected locals, and 4,97,092 shares were allotted to Nepalis employed overseas. Additionally, the company reserved 1,49,127 shares for employees and 2,48,546 shares for mutual funds.
To check the IPO result, applicants can use any of the following platforms:
Applicants can view their allotment status by entering their DP ID and other required details.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
