Solu Hydropower Limited's IPO Closed With 3.86 Times Oversubscription
Summary
Solu Hydropower Limited's IPO of 82,00,000 shares closed with 3.86 times oversubscription. The company operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district.
Key Points
- Solu Hydropower Limited issued 82,00,000 IPO shares at Rs 100 par value, closing on 4th Magh 2082.
- The IPO was oversubscribed 3.86 times with 25,70,422 applicants applying for 3,17,08,390 units.
- Nabil Investment Banking Limited managed the IPO, with a minimum application of 10 units and maximum of 1,00,000 units.
- The company operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district and has key shareholders Govind Lal Sanghai, Nitesh Agrawal, and Ram Chandra Sanghai.
