Kathmandu. Super Khudi Hydropower Company Limited has issued an initial public offering (IPO).

According to Global IME Capital, the issue manager for the IPO issuance, the IPO has been issued today. The IPO has been allotted through lottery due to more applications than the demand. A total of 1,28,650 applicants have been allotted 10 units of shares.

The company had issued 12,86,500 units of ordinary shares at a price of Rs 100 per share to the general public from February 18 to 24.

A total of 2,620,341 applicants had applied for 2,81,64,850 units of shares. Of them, 2,580,470 applications have been approved while the remaining 39,871 applications have been rejected.