As per the results provided to merolagani.com by NMB Capital Limited, the issue manager, shares are allotted to all the applicants. Applicants can view the results of their applications from the IPO section of the menu bar of merolagani.com.
The company had issued 2.60 lakhs units shares to locals of project affected areas via IPO. The IPO issue received 4,213 applications for 8,62,180 units of shares. As per the issue manger, of the total applications 60.84% were from small investors whereas 39.16% were from big investors. Therefore, all the applicants are allotted 30.16% of total investment. 15 units of shares are allotted to applications for 50 units, whereas applications for 1000 units of shares are allotted 295 units of shares.
The IPO was oversubscribed by 3.32 times.
NHDPL has been operating 3,520 KW Charnawati HEP. The company has paid up capital of Rs 19.50 crores. The company will be issuing 3.90 lakhs units shares to general public via IPO.