The IPO allotment for Solu Hydropower Limited was finalized today at the offices of its issue manager, Nabil Investment Banking Ltd., located in Central Plaza, Sama Marga, Kathmandu.
The firm had made available 8,200,000 units as an Initial Public Offering (IPO) to the general audience between 29th Poush, 2082 and 4th Magh, 2082.
The total capital of the company stands at Rs. 10 Arba. Of this amount, 20%, equating to 2,000,000 unit shares, were released to the public. From the total capital offered, 10%, which is 1,000,000 unit shares worth Rs. 1 Arba, were already distributed to locals affected by the project in Solukhumbu districts. Additionally, out of this public offering, 10%—amounting to 1,000,000 unit shares—were already designated for Nepalese citizens employed overseas.
Within the public offering, 3%, corresponding to 300,000 units, have been reserved for the company’s staff, and 5% of the total available shares, equating to 500,000 units, have been allocated to mutual funds. The remaining 8,200,000 units were intended for the general populace.
The issue garnered a total of 2,471,007 valid applications for 29,027,430 units. Simultaneously, 29,029 applications for 449,880 units were deemed disqualified.
According to the allotment results, 820,000 applicants received 10 units each through a random selection process.
