Yambaling Hydro Power Limited has finalized the allotment of its IPO shares issued specifically for Nepali workers abroad. The allotment process was conducted this morning by the company’s IPO manager, Muktinath Capital.
The company had issued a total of 2,10,000 shares for Nepali workers abroad from Chaitra 8 to Chaitra 11, 2082. According to Muktinath Capital, a total of 83,420 applications were received, of which 83,396 were found eligible.
Due to the oversubscription, shares were allotted through a lottery system. Under this process, 21,000 applicants received 10 shares each, while the remaining applicants did not receive any allotment.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
