Sopan Pharmaceuticals Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 42,900 Lucky Applicants Receive 10 Units each

Summary

Sopan Pharmaceuticals Limited has completed its IPO allotment for Nepalese citizens working abroad, allotting 10 units each to 42,900 applicants out of a 4,29,000 unit reserve.

Key Points
  • Sopan Pharmaceuticals Limited concluded its IPO allotment for Nepalese citizens working abroad on 17th Chaitra, 2082.
  • The company issued 42,90,000 shares in total, with 10% (4,29,000 units) reserved for Nepalese working abroad.
  • 42,900 applicants were allotted 10 units each from the reserved shares.
  • CARE Ratings Nepal Limited upgraded Sopan Pharmaceuticals Limited's issuer rating from CARE-NP B- (Is) to CARE-NP B (Is).
Article image