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
Nepali Congress Central Working Committee meeting continues today
Kathmandu. The meeting of Nepali Congress Central Working Committee will be held today. Chief Secretary Krishna Prasad Paudel informed that the meeting will be held again at the central office of the party, Lalitpur at 1 o'clock. The central membe...
The price of gold increased, how much do you need to buy one tola?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 2 thousand 100 rupees. According to the Nepal Gold and Silver Business Federation, today, per tola is being traded at 3 lakh five thousand 200 rupees. To...
What is the foreign currency exchange rate on Sunday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Sunday. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 88 paisa and the selling rate is 143 r...
The price of eggs increased, the farmers still did not get the cost price
Kathmandu. The price of eggs, which has fallen due to the effect of bird flu, has started to rise. After production decreased and demand increased, prices started to rise. Nepal Layers Poultry Farmers Association decides the market price by taking...
The price of the US dollar, Australian dollar, euro and pound increased!
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Saturday. Today, the value of all foreign currencies including US Dollar, Australian Dollar, Euro, Pound, Kuwaiti and Bahraini Dinar has increased. According t...
Fuel prices have increased, but retail prices in Nepal remain the same
Kathmandu. Despite the increase in the price of petroleum products from the Indian Oil Corporation, the Nepal Oil Corporation has decided not to increase the retail price keeping in mind the convenience of the general public. According to the new...