Sopan Pharmaceuticals Limited has finalized the allocation of its initial public offering (IPO) reserved for Nepalese working abroad. The process was conducted today by the company’s issue manager, NMB Capital Limited.
The company had issued 429,000 shares for overseas Nepalese from Chaitra 9 to Chaitra 12, 2082. According to NMB Capital, a total of 82,979 applications were received, out of which 82,951 were deemed eligible.
Due to the high demand exceeding the number of available shares, the allocation was conducted through a lottery system. In the final results, 42,900 applicants were allotted 10 shares each, while the remaining applicants did 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.
