Shikhar Power's IPO allotment, 24 lakh 66 thousand applicants empty handed
-
Media Baaji
- Tue, 17 March 2026
Kathmandu. Shikhar Power Development Limited opened the sale to the general public from February 17th to 26th, and the IPO was distributed today on March 3rd by Global IME Capital Limited, the sales manager. The company got permission from the Nepal Securities Board on January 16 to sell a total of 32 lakh IPO shares at Rs 100 per share.
Immediately after getting the permission, IPO was issued and distributed to the Nepalese who are employed abroad from January 6th to January 9th and to the project affected people until January 20th. After that, the company opened the IPO sale to the general public including collective investment funds and employees in the second phase. The company sold a total of 18 lakh 42 thousand 600 IPO shares to the general public at Rs 100 per share. It was arranged that a minimum of 10 shares and a maximum of 10,000 shares can be demanded.
Out of 26 lakh 87 thousand 347 applications received throughout the sale period, only 26 lakh 50 thousand 847 applications for 2 crore 83 lakh 94 thousand 790 shares were accepted. In other words, a total of 36 thousand 500 applicants' applications have been cancelled. In this way, the IPO has been distributed through the round robin system as there have been more applications than the demand. In allotment, 1 lakh 84 thousand 260 applicants have got shares at the rate of 10 and 10 shares, while the remaining 24 lakh 66 thousand 587 applicants have been left empty-handed.
Express
Related News
Iran turning problems into opportunities, making billions of dollars under the guise of war
Kathmandu. Iran has turned the war with the US and Israel into an opportunity. The U.S. targeted military bases near the island of Kharg Iran, but did not directly target an oil terminal for fear of a global oil crisis. Taking advantage of this, I...
277 customers blacklisted for not paying electricity tariff
Kathmandu. Bharatpur distribution center under Nepal Electricity Authority has blacklisted 277 customers who have not paid electricity tariff in the current financial year. According to the center, action has been initiated against customers who h...
Advice to candidates by the Election Commission: Do not delay in opening a bank account
Kathmandu. The Election Commission has advised the House of Representatives candidates not to delay in opening bank accounts. In a press conference held on Friday, the commission informed all the candidates that they have to spend from this accoun...
24 crore cardamom sale from Lamjung
Lamjung. This year, an income of Rs. 243.3 million has been received from the sale of cardamom seeds in the district. According to Hari Bahadur Mizar, Agriculture Officer of National Agricultural Modernization Project Implementation Unit Lamjung,...
Discussion of Deuba in UML meeting, criticism of Oli
Kathmandu. CPN-UML Central Committee meeting continues from Tuesday. The central members are giving their views in the meeting. Party President KP Sharma Oli presented a political proposal on Tuesday.
Other leaders of the...
Diktel Rupakot allocated a budget of Rs 45 lakh to drive away the monkeys
Kathmandu. Diktel Rupakot Majhuwagadhi Municipality has allocated a budget for monkey extermination. In order to provide relief to the farmers suffering from the terror of monkeys, the municipality has allocated a budget from the 15th Municipal As...