The allotment of the Initial Public Offering (IPO) of Solu Hydropower Limited is scheduled to take place on Monday. The issue and sales managers, Nabil Investment Banking Limited and Himalayan Capital Limited, are currently preparing for the allotment process.
The IPO received applications from 2,570,422 applicants for a total of 31,708,390 shares, reflecting an oversubscription of 3.86 times. Following the allotment, 820,000 applicants are expected to receive 10 shares each.
The company had received approval to issue a total of 20 million IPO shares at a face value of NPR 100 per share. Out of the total issue, 10 million shares were allocated to project-affected local residents, and 1 million shares were reserved for Nepalis working abroad. The remaining 8.2 million shares were offered to the general public.
This article was originally published on [https://bajarkochirfar.com]. Translated with the help of AI and reviewed by our editorial team.
