IPO scandal of Mailung Khola, see the results like this
KATHMANDU: AUGUST 10 – The IPO issued by Mailung Khola Hydropower Company has been allotted. Sales manager Siddhartha Capital distributed the IPO at 9 am today.
68 thousand 468 applicants have received 10 lots while 6 people have received shares at the rate of 11 lots. A total of 2 million 67 thousand 967 people had applied for the IPO of the company. Of those who applied, 2,843 had their applications rejected. Out of 2 million 65 thousand 124 applicants, IPO has been distributed.
The company had opened the sale of IPO from July 29 to August 3. The company has issued and sold a total of 736,286 shares at a face value of Rs 100 per share. Out of which 2 per cent or 14 thousand 726 lots were allotted to the employees of the company and 5 per cent or 36 thousand 814 lots were allocated to the collective investment fund and the remaining 6 lakh 84 thousand 746 lots were requested from the public.
In this way, the results of the company’s IPO can be seen. According to Mailung Khola’s website https://mailungkhola.com, CDC’s My Share website can be viewed from https://meroshare.cdsc.com.np/#/login.
