Shikhar Power Development IPO Receives Over 2.48 Crore Applications by Third Day
Summary
Shikhar Power Development Limited's IPO, offering 1,842,600 shares to the public, has received over 2.48 crore applications by the third day of issuance, with an extended deadline due to public holidays.
Key Points
- Shikhar Power Development Limited opened a public issue of 1,842,600 shares at Rs. 100 face value each starting Falgun 17, 2082.
- Out of 3,200,000 shares issued, significant allocations were made to project-affected locals, Nepali citizens abroad, mutual funds, and employees.
- By 10:00 AM on Falgun 25, over 2,277,993 applicants applied for 24,815,450 shares.
- IPO application deadline extended to Falgun 26 due to elections and public holidays.
