The allotment date of ordinary shares (IPO) issued by United Idi-Mardi & RB Hydropower Limited has been fixed. According to Global IME Capital Limited, the IPO allotment will take place at the Capital Office, Jamal, Kathmandu on November 29 at 4 pm.
The company had issued 873,910 ordinary shares on November 20. Of which, 43,696 shares have been issued for collective investment funds, 17,478 shares for employees, and the remaining 8,12,736 shares for the general public.
A total of 541,263 applicants have applied for 94,98,400 shares worth Rs 949.84 million. Investors will be able to apply for a minimum of 10 lots and a maximum of 10,000 lots.
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