Kalinchok Hydropower Limited opened its IPO for the general public on Chaitra 22, 2083 B.S., offering 6,84,750 shares at Rs 100 per share. Public investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The IPO is managed by RBB Merchant Banking Limited. Investors can submit applications through branches of participating banks and financial institutions approved by the Securities Board of Nepal (SEBON) or via the CDSC’s “Mero Share” system.
According to CDSC data, as of Tuesday evening, 22,27,493 applicants had submitted applications for Kalinchok Hydropower’s IPO. These applications total Rs 262.52 crore, equivalent to 2,62,52,800 shares. This means the IPO is oversubscribed by 38.33 times compared to the number of shares issued.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
