Bhujung Hydropower Limited is set to conduct the allotment of its Initial Public Offering (IPO) next week. The company’s issue manager, Kumari Capital, has confirmed that preparations for the allotment are underway.
The company had issued a total of 8,30,000 shares to the public from Magh 12 to Magh 16, 2082 B.S. A total of 26,65,174 applicants applied for 3,07,84,820 shares, representing 37.09% oversubscription compared to the total shares offered.
The IPO allotment will be conducted through a lottery system. According to the allotment plan, only 83,000 applicants will receive 10 shares each, while the remaining over 24.5 lakh applicants will not receive any shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
