The company had issued 830,000 units of shares to the general public from January 26-29. In the issue, a total of 2,579,920 applicants applied for a total of 28,441,680 units of shares. Out of the total applications, 2,539,892 applications were approved and 40,028 applications were cancelled.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines, under which, 83,000 applicants were provided 10 units of shares through lottery. The IPO result can be viewed through the link https://iporesult.cdsc.com.np/.
