Kalanga Hydro Limited is going to distribute its initial public offering (IPO) shares to the general public next week. The share sales manager, Sanima Capital Limited, is preparing to make the allotment on Monday, Jeth 25.
Earlier, the company opened its IPO issue from Jeth 8 to Jeth 13. During this period, the company offered a total of 28 lakh 70 thousand shares for the general public.
After the final allotment is done, only 2 lakh 87 thousand applicants will receive 10 units of shares each. Rest of applicants will have to return with empty hand because of very high demand.