Kalanga Hydro Limited IPO Allotment Concludes: Lucky 2,87,000 Applicants Allotted 10 Units Each via Lottery System
Summary
Kalanga Hydro Limited concluded its IPO allotment, allotting 10 units each to 2,87,000 applicants through a lottery system. The IPO issued 28,70,000 units to the public, including shares reserved for locals, employees, mutual funds, and Nepalese abroad.
Key Points
- Kalanga Hydro Limited's IPO allotment concluded with 2,87,000 applicants allotted 10 units each via lottery.
- The company issued 28,70,000 units in the IPO from 8th to 13th Jestha, 2083.
- Of the issued capital, 35% (49,00,000 units) were issued to the public, with allocations for project-affected locals, Nepalese abroad, employees, and mutual funds.
- CARE Ratings Nepal Limited upgraded Kalanga Hydro Limited's issuer rating to ‘CARE-NP BB (Is)’ indicating moderate risk.
