Barahi Hydropower Company Limited has decided the allotment date of the ordinary shares (IPO) which was opened for public issue and sale from 21st November to 26th November
According to the issue and sales manager NIBL S Capital Limited, the company's IPO will be held on Sunday (3rd of Paish) at the capital's office, Lazimpat, Kathmandu from 10 am.
The company had issued a total of 5 lakh 54 thousand shares at a price of Rs 100 per share. Out of which 5 percent i.e. 27 thousand 190 shares were reserved for collective investment fund and 2 percent i.e. 11 thousand 80 shares were reserved for employees. The general public could apply for the remaining 5 lakh 15 thousand 220 shares.
Till the last day of the company's IPO, 12 lakh 58 thousand 421 people have applied for 1 crore 43 lakh 51 thousand 830 shares. As more applications have been received than the demand, the IPO of the company will be distributed through round robin. 51 thousand 522 lucky applicants will get only 10 shares during the round robin distribution.