Daramkhola Hydro Energy Allots IPO

Aug 14, 2025 10:55 AM Merolagani



Daramkhola Hydro Energy has allotted recently issued initial public offering (IPO) on August 14 in the premises of Laxmi Sunrise Capital, issue manager of the company.

The company issued 2,423,185 units of shares worth Rs 77.397 million from July 31 to August 4.

In the issue, a total of 2,296,465 applications were received, out of which 13,239 applications were rejected.

Given that the issue was oversubscribed, the allotment took place as per Securities issuance and Allotment Guidelines under which 242,318 applicants were provided 10 units of shares through lottery. Moreover, five applicants were provided one extra unit of shares making their share count 11.