Kalanga Hydropower Limited has fixed Jestha 27 as the allotment date for its IPO after delays caused by consecutive public holidays and technical issues.
Kalanga Hydropower Limited has finalized the allotment date for its initial public offering (IPO) issued to the general public. The company’s IPO allotment is scheduled to take place on Wednesday, Jestha 27.
The company had offered 28 lakh 70 thousand ordinary shares to the general public from Jestha 8 to Jestha 13. The issue was managed by Sanima Capital Limited.
The IPO allotment was initially expected to be completed earlier. However, according to sources, the process was affected by consecutive public holidays from Jestha 14 to Jestha 17, resulting in delays in the allotment schedule.
In addition, technical issues also contributed to the postponement of the allotment process, pushing the final allotment date to Jestha 27.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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