Kathmandu. The initial public offering (IPO) of Sanigad Hydro Company has been allotted.

According to Laxmi Sunrise Capital, the issue manager for the IPO of the company, the company has been allotted through lottery due to the number of applications in the IPO.

The company had issued 4,674,000 units of shares at a price of Rs 100 per share to the general public from June 2 to June 4. A total of 27,59,490 applicants had applied for 3,01,32,500 units of shares. Out of them, 2,727,515 applications have been approved while the remaining applications have been rejected.

A total of 4,67,400 people have been allotted 10 units of shares in the IPO.