The lock-in period for 34,484 shares of Suryakunda Hydro Electric Limited allocated to mutual funds is set to end on Bhadra 4.
Suryakunda Hydro Electric Limited had allocated 34,484 shares to mutual funds during its initial public offering (IPO). The lock-in period for these shares are ending on Bhadra 4, which means they can be traded after this date.
Rules Regarding Lock-in Period
According to the current rules of securities issuance, shares allocated to mutual funds must be kept locked for six months. This six-month period is calculated from date when IPO shares are allotted to general public. Following this regulation, Suryakunda Hydro’s lock-in period for mutual funds is finishing on Bhadra 4.
Promoters and Local Residents Shares
On other hand, the lock-in period for shares belonging to promoters, project-affected local residents, and company employees is much longer. Their shares will remain locked for three years from the date when IPO was allotted to general public.
Suryakunda Hydro Share Lock-in Details
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
