Solu Hydropower Limited IPO Allotment Concludes: Lucky 62,947 Applicants Allotted 10 Units Each via Lottery System
Summary
Solu Hydropower Limited completed its IPO allotment, granting 10 units each to 62,947 successful applicants through a lottery system. The company aims to issue 20% of its Rs. 10 Arba capital to the public, including allocations for locals and Nepalese working abroad.
Key Points
- Solu Hydropower Limited concluded its IPO allotment on 24th Mangsir, 2082, allocating shares via lottery.
- The company has an issued capital of Rs. 10 Arba, with 20% shares issued to the public.
- 62,947 valid applications were received; each successful applicant got 10 units.
- Key shareholders include Govind Lal Sanghai, Nitesh Agrawal, and Ram Chandra Sanghai.
- Nabil Investment Banking Limited managed the issue, and the issuer rating is IRN BB (Is) assigned by Infomerics Nepal.
