IPO issue for Project-Affected Locals of Liberty Energy Company Undersubscribed

Mon, Aug 10, 2020 12:30 PM on IPO/FPO News, Latest, Share Allotment,

NIBL Ace Capital Limited has allotted the IPO share of Liberty Energy Company Limited to the locals of the Lamjug District.

Liberty Energy Company Limited has closed the issue of 15,00,000 units IPO shares to the project affected locals from 23 Shrawan.

The residents of Dordi Village Municipality Ward no. 6 and 7, Lamjung were identified as "most affected." Similarly, other wards of the same Village Municipality and ward no. 11 of Besisahar Municipality were identified as "affected" while all other residents of Lamjung were identified as minimally affected. All of the locals residing in the area above were eligible to apply for the IPO. 

The locals who applied will get the shares and the remaining units will be transferred to the public issue where everyone can apply from the public. 

The total 22,50,000 units share worth Rs 22.50 crore is set aside for the general public.

Click here for Allotment Notice: