Yambaling Hydropower Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 21,000 Lucky Applicants Receive 10 Units each
Summary
Yambaling Hydropower Limited completed its IPO allotment for Nepalese citizens working abroad, allotting 10 units each to 21,000 successful applicants out of over 83,000 applications.
Key Points
- Yambaling Hydropower Limited concluded IPO allotment for Nepalese citizens working abroad on 18th Chaitra, 2082.
- The company issued a total capital of Rs. 70 Crores, with 40% offered to the public.
- 10% of the general public issue was reserved for Nepalese citizens working abroad, allotting 10 units each to 21,000 applicants.
- Yambaling operates a 7.27 MW run-of-river hydropower project in Sindhupalchowk that began commercial operations in February 2024 under a BOOT arrangement.
