The issue manager informed that all 50,938 valid applicants were provided 1,528,140 units of shares at a rate of 30 units per applicants.
The remaining 239,650 units were distributed among 23,965 out of 50,938 applicants who applied for 50 to 9,750 units of shares at a rate of 40 units.
Mountain Hydro Nepal issued 1,816,110 units of shares at a face value of Rs 100 from March 7-12. Out of the total number of offered shares, the company has allotted 2 percent i.e. 36,355 units to employees and 40,000 to mutual funds. The IPO was oversubscribed by 1.92 times.
