The date for the allotment of the initial public offering (IPO) issued by Taksar Pikhuwa Khola Hydropower Limited for the general public has been finalized. The issue manager, Prabhu Capital Limited, is preparing to conduct the share allotment this Wednesday, which falls on Jeth 6.
Details of the Share Issuance
The company had opened the sale of its shares from Baisakh 23 to Baisakh 28. During this period, a total of 25 lakh 15 thousand 455 units of shares were made available for the general public to purchase.
Share Distribution and Results
According to the distribution plan, 2 lakh 51 thousand 545 applicants will be selected to receive 10 shares each through the allotment process. Due to the high number of applications compared to the available shares, the remaining applicants will not receive any shares from this issuance. The final results will be officially announced after the completion of the allotment process on Wednesday.