Kalinchowk Hydropower Limited IPO Allotment Concludes: Lucky 68,475 Applicants Allotted 10 Units Each via Lottery System
Summary
Kalinchowk Hydropower Limited concludes IPO allotment, allocating 10 units each to 68,475 lucky applicants through a lottery system in Kathmandu.
Key Points
- Kalinchowk Hydropower Limited completed its IPO allotment today at RBB Merchant Banking, Kathmandu.
- A total of 6,84,750 units were issued to the general public as part of the IPO.
- 68,475 applicants were allotted 10 units each through a lottery system from over 26 lakh valid applications.
- CARE Ratings Nepal Limited reaffirmed KHL's issuer rating as ‘CARE-NP BB (Is)’, indicating moderate default risk.
