Super Khudi Hydropower Limited’s IPO Allotment Tomorrow
Summary
Super Khudi Hydropower Limited is conducting its IPO allotment tomorrow after an oversubscribed issue that received 23.43 times more applications than available units.
Key Points
- Super Khudi Hydropower Limited will conduct its IPO allotment on March 1 at 8:50 am.
- The IPO issue was oversubscribed by 23.43 times, with applications for 301,37,120 units against 12,86,500 units offered.
- The allotment will use a lottery system due to heavy oversubscription; only 128,650 applicants will get 10 units each.
- CARE Ratings Nepal Limited assigned ratings of ‘CARE-NP BB’ and ‘CARE-NP A4’ for the company's bank facilities.
