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
Rashtra Bank's request to provide banking services even during Tihar holidays
Kathmandu. Nepal Rastra Bank has requested banks and financial institutions to conduct banking services for customs clearance on days other than Bhaitika. The central bank has written to the banks and financial institu...
Preparing to blacklist these 15 construction companies
Kathmandu. The Public Procurement Monitoring Office under the Prime Minister's Office has initiated the process of blacklisting 15 construction companies.
The office has issued a notification today and has asked the construction compan...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate for today, the buying rate of one US dollar is 142 rupees 54 paisa and the selling rate is 143 rupees 14 paisa. The b...
NADA Auto Show 2026 begins, special priority for 'Made in Nepal' vehicles
Kathmandu. While the vehicle market is expanding in Nepal, NADA Auto Show 2026 has started at Bhrikutimandap in Kathmandu, giving priority to domestically produced and assembled vehicles and automobile materials.
Vice President Ramsahay Yada...
On the first day of the week, the stock market fell by 105 points, trading at 12.38 billion
Kathmandu. On Sunday, the stock market index closed flat. Today, the stock market has experienced a century-long fall. Today, NEPSE index decreased by 105.50 points and reached 2676.68 points. This is 3.79 percent less than the previous transactio...
The fall in the price of gold, how much has it reached now?
The Kathmandu. The price of gold has fallen in the Nepali market today. The gold is worth Rs 2,400. According to the Federation of Nepal Sunchandi Traders, gold is being traded at Rs 3.66 lakh per tola today. Today, the price of 10 grams of gold i...