Beni Hydropower Project Limited has completed the IPO allotment for local residents, distributing shares category-wise through fixed allocation and lottery system.
Beni Hydropower Project Limited has completed the IPO allotment for project-affected local residents, with the process managed by NMB Capital. The company had issued a total of 10 lakh 40 thousand shares for locals of the project-affected areas in Solukhumbu district, with the application period running from Chaitra 1 to Chaitra 15.
In the highly affected area category, applicants who applied for 10 to 200 shares received shares as per their demand. Those applying for 210 to 5,000 shares were allotted a fixed 200 shares each, while 1,484 applicants received an additional 10 shares through lottery, making the maximum allocation up to 210 shares per applicant in this category.
In the affected area category, applicants applying for 10 to 50 shares received their requested amount, while those applying for 60 to 3,000 shares were allotted a fixed 50 shares each. Additionally, 46 applicants received an extra 10 shares through lottery, allowing a maximum allocation of up to 60 shares per applicant.
For the partially affected area category, allotment was conducted through lottery due to oversubscription. Out of 21,945 eligible applicants, 20,800 applicants received 10 shares each, while 1,145 applicants were left without allocation.
Investors can check the IPO result online by visiting iporesult.cdsc.com.np, selecting “Beni Hydropower Project Limited (For Local)”, and entering their 16-digit BOID number to view the result.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
