Bindhabasini Hydropower Allots IPO Issued to Locals Of Affected Area

May 26, 2022 10:06 AM Merolagani

Bindhabasini Hydropower Development Company has allotted recently issued IPO. The company has allotted the IPO issued to the locals of affected area on May 25.

The company issued out of 700,000 of 1 million units of primary shares to locals of the affected area of ward no 5,6 and 7 of Kwaholasothar Rural Municipality of Lamjung District and ward no 8 and 9 of Madi Ruralmunicipality of Kaski District from April 24-May 10. The remaining 300,000 was issued to the remaining adjoining rural municipality of kwaholasothar Rural Municpality and and locals of affected areas of remaining ward of Madi Rural municipality of Kaski District.

The applicants can see the allotment result in the website of Sanima Capital, issue manager for the company.

the company will refund the amount of nonallottees and partially allottees to their respective bank accounts from May 30.

 

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