Bhujung Hydropower Limited has completed the IPO allotment for Nepalis working abroad, with shares distributed through a lottery due to excess demand.
Bhujung Hydropower Limited has completed the allotment of its Initial Public Offering (IPO) issued for Nepalis employed in foreign countries. According to the issue manager, Kumari Capital Limited, the allotment process was finalized earlier today. Under the first phase of the IPO, the company had issued 1 lakh shares starting from Poush 3 for foreign-employed Nepalis. The issue received applications from 69,457 applicants, of which 69,465 applications were deemed valid. As the number of applications exceeded the available shares, the allotment was carried out through a lottery system. Based on the allotment results, only 10,000 applicants were successful, with each receiving 10 shares.
Applicants can check their IPO results by entering their DP ID and other required details through Kumari Capital Limited’s website, the CDSC IPO Result Portal, or via their Mero Share account.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
