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.
Related News
200 billion is being added to large tax payer companies, from hydropower to beverages, expanding investment in Nepal
Kathmandu. Finance Minister Dr. Swarnim Wagle has asked the multinational big taxpayer companies that have invested in Nepal to bring in more investment. In the discussion held at the Ministry on Monday, Finance Minister Wagle asked 20 large multi...
Jan Utthan Laguvitta will not distribute dividends this year as well
Kathmandu. Jan Utthan Community Small Finance Financial Institution Limited will not distribute dividends to the shareholders from the profit of the last financial year. The meeting of the microfinance board of directors held on 26th January decid...
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...
The Electricity Authority will provide employment to eight more people from the Shaheed family
Kathmandu. The Nepal Electricity Authority has decided to provide employment to eight more family members who were martyred during the Genji movement. Chairman of the Board of Directors and Minister of Energy, Water Resources and Irrigation Virajb...
Stock market is green on Thursday, 4.69 billion turnover as most of the company's prices increased
Kathmandu. On Thursday, the Nepal Stock Exchange NEPSE index rose by 14.17 points to 2,726.72 points. According to NEPSE, shares worth 4.69 billion rupees were traded on this day. In trading, the share price of 153 companies increased, while the s...
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, the buying rate of one US dollar is 143 rupees 97 paisa and the selling rate is 144 rupees 57 paisa. Similarly, the...