Solu Hydropower Limited is conducting the allotment of its Initial Public Offering (IPO) for the general public today, Monday, Magh 12. The issue and sales manager, Nabil Investment, is set to carry out the share allotment at 3:00 PM.
The company had opened 82 lakh shares for public subscription from Poush 29 to Magh 4. By the end of the subscription period, a total of 25,70,422 applicants applied for 3,17,08,390 shares, amounting to Rs 317.08 crore, which is 3.86 times oversubscribed.
According to the IPO allotment guidelines, each successful applicant will receive 10 shares, meaning only 8,20,000 applicants will get allotment. The remaining 17,40,422 applicants will not receive any shares in this round.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
