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
After a week, the stock market fell, the turnover did not increase
Kathmandu. The stock market, which has increased for 6 consecutive trading days, fell by 13.95 points on Wednesday and the NEPSE index fell to 2,712 points. The transaction amount has also decreased from 6.67 billion rupees the previous day to 5.1...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. According to the fixed exchange rate, the buying rate of one US dollar is 150 rupees 97 paisa and the selling rate is 151 rupees 57 paisa. Similarly, the...
National Life earned a profit of 148 million rupees in the first quarter, insurance fund close to 1 billion
Kathmandu. National Life Insurance Company Limited has earned a net profit of Rs 148 million in the first quarter of the current financial year. The company's net profit has increased by 1.81 percent compared to Rs. 13...
After the opening of Tatopani and Rasuwagadhi, Korlanaka's business declined
Mustang. After Tatopani and Rasuwagadhi checkpoints came into operation, the import-export trade from Nepal-China North Korlana located in Mustang has decreased. According to the Mustang Customs Office, there are currently very few cargo container...
Nirmal Dhakal has been appointed as the head of the Asset Clearance Department
Kathmandu. Joint Secretary Nirmal Dhakal has been appointed as Director General of Asset Laundering Investigation Department. He was made the director general who was working as the deputy director general of the department.
The previous Dir...
The price of gold continues to rise, how much did it reach per tola on Monday?
Kathmandu. The price of gold in the Nepalese market is constantly on the rise. Today only gold has increased by 1 thousand 900 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being traded at...