KhaniKhola Hydropower to refund IPO non allotees from Magh 8

KhaniKhola Hydropower Company Limited has allotted its 4, 65,714 units IPO shares to the locals of Lalitpur district (project affected area) on Magh 3, 2072 and it is refunding excess money collected from investors from Magh 8. It had floated 4, 65,714 unit shares as part of its IPO shares for the locals of Lalitpur district (Bhatedada, Ikudol and Sankhu VDC project affected area). Kanikhola IPO had received a total of 2,554 applications, resulting in an oversubscription by 2 times. The company has urged non-allottee investors to visit their respective collection centers with receipt to collect their refund money through account payee cheque. The non-allotees have to bring their receipt slip with a copy of citizenship or authorization letter to collect their payment slip. Civil Capital Markets Limited has been assigned as the issue manager for the IPO issue.