Yambaling Hydropower Limited has completed the allotment of its Initial Public Offering (IPO) issued to project-affected local residents of Sindhupalchok district on Sunday. According to issue manager Muktinath Capital, a total of 696,420 shares were distributed among 1,709 applicants out of the 700,000 shares offered under this category.
Applicants who had applied for 10 to 770 shares received full allotment as per their demand. Meanwhile, those who applied for 800 to 7,000 shares were initially allotted 780 shares each. The remaining 3,580 shares were distributed through a lottery system, where 358 applicants from the higher application group received an additional 10 shares each.
The IPO for local residents was opened on Chaitra 8, 2082.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
