Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The IPO allotment of Greenlife Hydropower Limited has concluded today. The allotment was done at BOK Capital Market Limited.
As per the allotment module, a total of 3,25,165 applicants were allotted 10 units each via lottery and lucky 2 investors get 1 unit extra, and the remaining 9,93,894 applicants were returned empty hands.
A total of 69,928 units were allotted to the staff of the company and 1,74,820 units allotted to mutual funds.
In total 3,912 applicants who applied for 58,320 units were disqualified.
Greenlife Hydropower Limited had issued 4,96,400 units worth Rs 340.9 million as IPO to the general public.
The issue had received applications from 13,19,059 valid applicants who had applied for a total of 2,26,33,170 units. The issue was oversubscribed more than 6.98 times.
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