Beni Hydropower Project Limited had issued 104,000 shares for Nepalese working abroad from Chaitra 1 to Chaitra 5 after obtaining labor approval. The IPO received an overwhelming response, with a total of 79,255 applications submitted. Out of these, 79,232 applications were deemed eligible.
Due to the oversubscription, the allotment of shares was conducted through a lottery system. According to the final results, 10,400 applicants were allotted shares at the rate of 10 shares per applicant, while the remaining applicants were not allotted any shares. The completion of this allotment marks a key step in involving overseas Nepalese investors in the company’s equity.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
