Kalanga Hydro Limited Closing 3,50,000 Units IPO for Foreign Nepalese Immigrants Today
Summary
Kalanga Hydro Limited is closing its IPO for foreign Nepalese immigrants today, offering 350,000 units, amid an oversubscription of 3.36 times. The project involves a 15.33 MW run-of-river hydropower plant in Bajhang, Nepal.
Key Points
- Kalanga Hydro Limited is closing its IPO issue for foreign Nepalese immigrants today, 15th Chaitra, 2082.
- The company has issued 35% of its Rs. 1.40 Arba capital (49,00,000 unit shares) to the public with specific allocations.
- 10% of shares (14 lakh units) are for project-affected locals in Bajhang District, 25% (35 lakh units) for the general public.
- The IPO is oversubscribed 3.36 times with 84,321 applicants for 11,77,140 units; CDSC manages applications.
