IPO Issue of Kalanga Hydro Limited Closing Today; Oversubscribed 9.80 Times So Far
Summary
Kalanga Hydro Limited's IPO issue of 28,70,000 shares closes today, having been oversubscribed 9.80 times with significant allocations for project-affected locals, employees, mutual funds, and Nepalese abroad.
Key Points
- Kalanga Hydro Limited is closing its IPO issue of 28,70,000 units today.
- The IPO was oversubscribed 9.80 times with over 25 lakh applicants.
- Shares were allocated to project-affected locals, employees, mutual funds, and Nepalese working abroad.
- CARE Ratings Nepal Limited upgraded Kalanga Hydro's issuer rating to ‘CARE-NP BB (Is)’.
