Palpa Cements Industries Limited has successfully finalized the IPO allotment for Nepalese citizens working abroad on Friday. The distribution was held at the office of the issue manager, Nabil Investment Banking, following the subscription period which ran from Poush 25 to Poush 30.
Palpa Cements IPO Allotment Details
The company offered a total of 5,62,500 units of shares for Nepalese individuals employed in foreign countries. According to the issue manager, a total of 75,162 applicants sought shares during the issuance period. Because the IPO was oversubscribed, the shares were distributed through a lottery system as per the prevailing regulations.
Key Statistics of the Allotment
- Total Shares Issued: 5,62,500 units
- Total Applicants: 75,162
- Lucky Winners: 56,250 applicants received 10 units each.
- Unsuccessful Applicants: 18,912 individuals did not receive any shares.
How to Check the IPO Result?
Applicants can verify their allotment status using their 16-digit BOID (Benefit Owner Identification Number) through the following official channels:
- Nabil Investment Website: You can visit the official result link at Nabil Investment Result Portal.
- CDSC IPO Portal: Results are available on the centralized CDSC IPO Result website.
- Mero Share: Investors can log in to their Mero Share account, go to the ‘My ASBA’ section, and check the ‘Application Report’.
By entering the required DP ID and other personal details on these platforms, applicants can easily find out if they were among the lucky winners to receive the shares.
Disclaimer: This news is originally written in Nepali, translated with the help of AI and editorially reviewed.