IPO Issue of Solu Hydropower Limited Closing Today; Oversubscribed 3.44 Times So Far
Summary
Solu Hydropower Limited is closing its IPO today after being oversubscribed by 3.44 times, with significant share allocations among locals, expatriates, employees, and mutual funds.
Key Points
- Solu Hydropower Limited is closing its IPO issue of 82,00,000 units today, which opened on 29th Poush, 2082.
- The IPO has been oversubscribed 3.44 times with 22,80,832 applicants applying for 2,82,81,340 units.
- Nabil Investment Banking Limited managed the IPO, with applications allowed from 10 to 1,00,000 units.
- Solu Hydropower operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu and is promoted by major Nepalese business groups after prior Indian ownership.
