Singati Hydro Energy receives decent response from project-affected locals of Dolakha for its recently concluded IPO; to float additional 29 lakh unit IPO shares to general public soon

Sun, Feb 21, 2021 4:41 AM on Latest, IPO/FPO News,

Singati Hydro Energy has received a decent response for its recently concluded IPO process where 14.50 lakh unit primary shares were offered to the project affected locals of Kalinchowk and Bigu Gaupalika of Dolakha district.

The IPO received application worth Rs 17.45 crore from 19,198 individuals which is 20.37% more than the total volume of the shares in IPO.

The issue manager Mega Capital Market is currently working out to segregate the valid applications from the invalid ones and will be floating remaining 29 lakh unit shares to the general public at the earliest, as per the media statement.