Kathmandu, Aug. 28
Primary share allotment of People's Power Limited has been completed. Of
the 1.551 million eligible applications, 2,294,680 shares have been allotted to
229,468 people with a minimum of 10 shares and two people have been allotted
additional 1 share each, totaling 22,94,682 shares.
About 1.631 million applications were received for the primary share
issue of the company, of which 1,608 were canceled due to duplication and 3,504
were canceled due to other reasons.
Prabhu Capital Limited was the issue and sales manager of the IPO which was
opened from 16 to 21 August.
Of the total 2,467,400 shares announced for the IPO, 123,370 shares that equal
to 5 per cent is allocated to the mutual funds, 49,348 shares to employees and
the remaining were issued to the general public.
The results of allotment can be viewed from the website of Prabhu Capital
and CDSC.
Published in The Rising Nepal daily on 29 August 2022.
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