IPO of Mailung Khola Hydropower allotted, six lucky investors get 11 units each

KATHMANDU, Aug 10: Allotment of ordinary shares of Mailung Khola Hydropower Company was concluded on Tuesday. 

The company issued 7,36,286 units shares as Initial Public Offering (IPO) to be distributed to the general public, between July 29 and August 2.

As many as 2,067,967 investors applied for the shares. Of the total applications, 2,843 were declared invalid. 

Lucky 68,474 investors got 10 units each while six others got 11 units each, according to Siddhartha Capital, the issue manager.