header banner
ECONOMY, Latest Updates

269,700 awarded with Singati’s 10 units of primary share each

KATHMANDU, April 9: The allotment of Initial Public Offering (IPO) of Singati Hydro Energy Limited Ltd has been completed with 269,700 applicants receiving 10 units of primary shares each.
By Republica

KATHMANDU, April 9: The allotment of Initial Public Offering (IPO) of Singati Hydro Energy Limited Ltd has been completed with 269,700 applicants receiving 10 units of primary shares each.


Mega Capital, the issue manager, made the allotment public that was made through a lottery earlier on Friday.


Related story

Quake-rattled Singati rises from the rubble but landslide fear...


A total of 1.565 million applicants had applied for the initial offering that opened on March 19 and closed later on 23rd. The applications of 5,728, however, were declared invalid.


Of the 2,900,000 units of the shares offered, 1.295 million applicants were left empty-handed. As many as two percent of the issue was designated for the company’s staff and another five percent to mutual fund.


Click here to check the IPO results.

Related Stories
ECONOMY

Mega Capital appointed issue manager for Singati...

SPORTS

U-19 Asia Cup: UAE sets target of 269 runs for Nep...

Coronavirus

Nepal records 38 cases, 269 recoveries and zero de...

SPORTS

Nepal sets 269-run target for Ireland, Gulshan sco...

Coronavirus

Nepal logs 577 new cases, 269 recoveries and two d...