Solu Hydropower IPO Allotment Concludes: 25,894 Applicants Get 10 Units, 37,053 Get 20 Units via Lottery System
Summary
Solu Hydropower Limited concluded its IPO allotment for Nepalese citizens working abroad, allocating shares to 62,947 applicants via a lottery system. The company operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district.
Key Points
- Solu Hydropower Limited's IPO allotment for Nepalese working abroad concluded on 24th Mangsir, 2082.
- 62,947 valid applications were received, with 25,894 applicants allotted 10 units and 37,053 allotted 20 units each via lottery.
- The company issued 2 crore shares worth Rs. 10 Arba, with specific allocations for project-affected locals and the general public.
- Solu Hydropower operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district and is promoted by major Nepalese business groups.
