Lottery System Confirmed on Nepal Hydro's IPO

Aug 17, 2017 Merolagani

It has been confirmed that Nepal Hydro will implement a lottery system for the allocation of its initial public offering (IPO).   NMB Capital, issue manager of the company informed of receiving 173,000 applications for the IPO, moreover, three ASBA registered banks have not been able to provide the data.

Out of the 390,000 units of shares issued by the company, 7,800 units are allocated to employees and 19,500 units are allocated to various mutual funds. The remaining 362,700 units of shares are required to allocate to 36,270 general investors.

Based on it, among the 173,000 (preliminary statistics) applicants 137,000 investors will be deprived of the shares. Only 20 percent of total applicants will be allocated the IPO shares.

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