Singati Hydro’s IPO allotment to distribute next Friday

Kathmandu, March 31

The distribution of the IPO issued by Singati Hydro Energy Limited is scheduled to take place on next Friday i.e. Chaitra 27. Mega Capital has said, if there is no technical problems, it is preparing to distribute by Friday by pre-allotment on Wednesday.

The company had issued 29 lakh IPOs to the public from Chaitra 6 to Chaitra 10. Out of which, 58,000 shares were distributed to employees and 145,000 shares to collective investment funds. The remaining 26,97,000 shares were issued to the public. In the IPO issued by the company, applications have been received from 242,483 applicants for 245,16,600 lots. This application is 9.09 times more than the demand.

The company has already distributed 14 lakh 50 thousand ordinary shares to the locals of the project-affected areas on Falgun 17. The company’s capital has risen to Rs. 1 arba 45 crore.