Kathmandu. Taksar Pikhuwa Khola Hydropower Company Limited has issued its initial public offering (IPO).

According to Prabhu Capital, the issue manager for the IPO issuance, the company issued its shares from May 7 to 28.

The company is issuing 2,515,455 units of shares at a price of Rs 100 per share to the general public.

A total of 2,948,966 applicants had applied for 3,37,46,200 units of shares in the IPO. Out of which, applications of 27,71,252 applicants have been rejected.

According to the company, the IPO was allotted through a lottery process due to more applications than the demand.

A total of 251,545 applicants have been allotted 10 units of shares while the remaining 5 have been allotted 11 units each.

The results of the IPO can be found on the website of My Shares, the Issue Manager and the website of the concerned company and the website created by CDSC to check the results of the IPO.