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
Farmers are dissatisfied with the support price of wheat, complaining that even the cost does not rise
Kathmandu. Farmers have expressed dissatisfaction with the support price of wheat set by the government. Although the government has fixed the support price of wheat at Rs 3,945 per quintal this year, the farmers complain that the price does not e...
Electricity generation started from Setikhola project
Kaski. Setikhola hydropower project of 22 megawatt capacity, completed in Pokhara Metropolitan City-33 of Kaski, has started generating electricity. The project promoted by Seti Khola Hydropower Limited started in December 2078.
After the in...
Here is the foreign currency exchange rate today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. For today, the buying rate of one US dollar is fixed at 143 rupees 15 paisa and the selling rate is 143 rupees 75 paisa.
Similarly, the buying...
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...
As the real estate business gradually declined, the revenue collection also decreased
Kathmandu. It has been found that real estate transactions are gradually decreasing across the country. As the turnover is decreasing, the revenue collection has also decreased. According to the Department of Land Management and Records, which kee...
An arch bridge is being built at a cost of 1 billion 21 crores
Damauli. The work of a four-lane bridge under construction at Damauli Bazar under the Muglin-Pokhara road section is going on in full swing. Muglin Pokhara Road Plan Eastern Section has reported that 77 percent progress has been made on the bridge...