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Suryakunda Hydro IPO allotment

Kathmandu. Suryakunda Hydro Electric Limited (Suryakunda Hydroelectric) has issued its initial public offering (IPO) for the Nepali migrant workers abroad.

The company is issuing 68,967 units of ordinary shares at a face value of Rs 100 per share i.e. 68,96,700 per share. The same shares were allotted on this day.

A total of 70,457 applicants had applied for 1,033,510 units of shares. Of them, 70,445 applications have been approved while 12 applications have been rejected.

 

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