Kathmandu. The IPO of Yambaling Hydropower Limited has been allotted. Muktinath Capital, the issue manager of the company, has issued an IPO allotment to the company.

The company had issued 17,43,000 units of ordinary shares worth Rs 17.43 crore at a face value of Rs 100 per share to the general public from May 26 to May 22.

A total of 29,82,498 applicants had applied for 3,24,78,230 units of shares in the company. Of them, 44,416 applications have been rejected. The remaining 29,38,082 applications have been approved.

Due to the high number of applications, the IPO allocation of the company has been done through a lottery process. A total of 174,300 people have been allotted 10 units of shares of the company.