KATHMANDU, March 17: Shikhar Power Development Limited has completed the allotment for its initial public offering (IPO), leaving most applicants empty-handed due to overwhelming demand.
The IPO was distributed on Tuesday by the issue and sales manager Global IME Capital. A total of 184,260 applicants received 10 shares each.
Related story
Guardian Micro Life Insurance IPO allotment: 1.7 million applic...
The company had issued 1.842 million units of shares worth Rs 184.26 million. However, the offering attracted applications from 2,687,347 investors—about 15 times the number of available shares.
As a result, 2,466,587 applicants did not receive any shares.
Investors can check IPO results on the Mero Share platform or on the CDSC website.
-1773673205.webp)
