The allotment of the Initial Public Offering (IPO) issued by Palpa Cement Industries Limited for Nepali citizens working abroad was completed on Friday. The allotment was conducted at the office of the issue and sales manager, Nabil Investment Banking Limited.
The company had issued 562,500 shares between Poush 25 and Poush 30, 2082 B.S., under the foreign employment category. A total of 75,162 applicants applied for the shares. As the number of applications exceeded the available shares, the allotment was carried out through a lottery system.
Under the allotment, 56,250 applicants were allotted 10 shares each, while the remaining 18,912 applicants did not receive any shares.
Applicants can check the IPO allotment results through the official website of Nabil Investment Banking, the CDSC IPO Result Portal, or via their Mero Share accounts 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.
