Shikhar Power Development Company has completed its IPO allotment, with 184,260 applicants receiving 10 units each through a lottery system.
Shikhar Power Development Company Limited has completed the allotment of its Initial Public Offering (IPO) issued to the general public. The allotment process was carried out at the office of Global IME Capital Limited, the issue and sales manager.
The company had issued 18 lakh 42 thousand 600 units of ordinary shares to the general public from Falgun 17 to Falgun 26. A total of 26 lakh 87 thousand 347 applications were received, out of which 26 lakh 50 thousand 847 applicants were deemed eligible.
Due to oversubscription, the shares were distributed through a lottery system. A total of 1 lakh 84 thousand 260 applicants received 10 units each, while the remaining applicants did not receive any shares. The allotment was conducted under Ball Number 5.
3. mero share
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
