Kalika Power’s IPO allotment concludes; Allotment made to 1,13,177 applicants; Extra 15,770 allotted to the general public

The allotment of 12,00,000 unit initial public offering (IPO) of Kalika Power Company Limited has been concluded today.

The allotment was made in the premises of Global IME Capital, Nachghar, Kathmandu.

Out of the total 12 lakh unit shares, 11,16,000 units were for the general public and 24,000 units were for the employees of the organization.

1,18,956 applicants had applied for 80,06,990 units out of which 146 applicants were deemed invalid. So, 1,18,810 applicants were valid applicants applying for 79,88,210 units.

The allotment has been made to 1,13,177 valid applicants with 10 units each. 15,770 units were unsubscribed from the issue to staff. These shares have also been allotted to the general public.