Shubham Power IPO Result Check Now. Subham Power IPO Result check details. Shubham Power’s IPO Result published today, only 48 thousand 188 will get shares. Shubham Power Limited’s IPO, which was opened for IPO issuance and sale from Magh 18 to 22, has been distributed today. The company’s share issuance and sales manager Muktinath Capital Ltd.’s office is in Naxal tomorrow, Friday morning.
The company had issued 400,000 shares worth 40 million rupees, which would be 20 percent of the issued capital of 20 million rupees, and 580,580 shares including 180,580 unsold shares to the project-affected areas.
Out of that, 10 percent i.e. 58 thousand 58 shares were given to Nepalis working abroad, 2 percent i.e. 11 thousand 610 shares to employees and 5 percent i.e. 29 thousand 30 shares to the collective investment fund and the remaining 4 lakh 81 thousand 882 shares were issued to the public.
Shubham Power IPO Result Check- Subham Power IPO Share Check
Due to more applications than the IPO demand of the company, shares will be distributed at a minimum rate of 10 shares as per the Securities Issuance and Allotment Guidelines. According to that, only 48 thousand 188 of the eligible applicants will get shares.
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