April 9, Kathmandu

The IPO of Singti Hydropower has been allotted today, Friday. The shares have been distributed in the office of the company's share issue and sale manager Mega Capital.

The company's IPO saw a demand for shares from 1.565 million 530 applicants. Of them, 1.559 million 802 eligible applications have been received and 5,728 applications have been rejected, according to Capital.

Only 269,700 people have received shares at the rate of minimum 10 lots from eligible applicants. The company shares have been distributed at the rate of minimum 10 lots as per the issuance and distribution guidelines. Accordingly, 12 lakh 90 thousand 102 people have been vacated from eligible applicants.

The company had sold 2.9 million IPOs at the rate of Rs 100 per share since March 20. Of that, 5 percent or 154,000 shares were distributed to collective investment funds and 2 percent or 58,000 shares were distributed to employees. The sale of the remaining 26 lakh 97 thousand lots was opened to the public.

The IPO result can be accessed by iporesult.cdsc.com.np, Mega Capital, MeroShare, Singati Hydro Energy Limited.