People’s Power Limited IPO Result update. People’s Power IPO Result check. The IPO Results of People’s Power Limited are going to publish. The IPO allotment of People’s Power will be held at the office of securities sales manager Prabhu Capital in Kamaladi, Kathmandu. An official of the capital informed that the IPO distribution program is being prepared.
The company has issued 24 lakh 67 thousand 400 shares of face value 100 per share. Out of this, 2 percent i.e. 49 thousand 348 shares have been reserved for the employees of the company while 5 percent i.e. 123 thousand 370 shares have been allocated to collective investment funds. General public can apply for the remaining 22 lakh 94 thousand 682 shares.
People’s Power IPO Result Check People’s Power Ltd IPO Result
Due to more applications than the demand, this IPO will also be distributed through round robin. According to which, 29,468 lucky people will get shares at the rate of 10 shares. 2 of those lucky people will get an additional 1 share each. According to this calculation, 13 lakh 76 thousand more hands will be empty.
This company opened the IPO sale for the general public from July 31st to August 5th. The company has opened the IPO sale of a total of 24 lakh 67 thousand 400 shares of 100 marked rate. Out of the total shares, 123 thousand 370 shares representing 5 percent of the collective investment fund and 49 thousand 348 shares representing 2 percent were allocated for employees. In the remaining 22 million 94 thousand 682 shares, common people have applied for purchase.
Till the last day of issue, the IPO of this company has received purchase applications from 16 lakh 6 thousand 110 applicants for a total of 1 crore 82 lakh 19 thousand 70 shares. Which is 7.94 times more than the demand.
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