The IPO of Singti Hydropower has been allotted today, Friday. The shares have been distributed in the office of the company’s share issue and sale manager Mega Capital.
The company’s IPO saw a demand for shares from 1.565 million 530 applicants. Of them, 1.559 million 802 eligible applications have been received and 5,728 applications have been rejected, according to Capital.
Only 269,700 people have received shares at the rate of minimum 10 lots from eligible applicants. The company shares have been distributed at the rate of minimum 10 lots as per the issuance and distribution guidelines.
Accordingly, 1.29 million 102 eligible applicants have been vacated.
The company had sold 2.9 million IPOs at the rate of Rs 100 per share since March 20. Of that, 5 percent or 154,000 shares were distributed to collective investment funds and 2 percent or 58,000 shares were distributed to employees. The sale of the remaining 26 lakh 97 thousand lots was opened to the public.
The general public will be able to see the results by visiting my shares, the company’s website and the sales manager’s website.
Click Here for the allotment of SINGATI HYDRO ENERGY LIMITED IPO
How to view IPO result of Singati Hydropower Limited?
There are different sites to view the allotment result of singati Hydro energy limited. People can view results through iporesult.cdse.com.np. CDSE Nepal has developed this website for the IPO result You can also view the allotment result on the official site of Mega Capital Market
The company had issued 2.9 million IPOs at the rate of Rs 100 per share since April 20, Company had allocated 154,000 unit shares to collective investment funds and 2 percent to employees of the company. For the remaining 26 lakh 97 thousand lots, the general public could apply.
The company has received applications from 1,523,450 applicants for the purchase of 2,47,20,450 shares in the IPO. The company has sold 2.69 million lots, which is more than 9.16 times the IPO.
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