May 1, 2019 | Investopaper
Two hydropower Rasuwagadhi and Sanjen which issued shares to the general public under the Janata ko Jalavidhyut scheme from Baisakh 6 are going to conduct the allotment process of the shares to the public tomorrow i.e. Baisakh 19,2076 at 3 PM. The venue for the allotment is the meeting Hall of Energy, Water Resources and Irrigation Ministry, Singha Durbar.
Citizens Investment Trust, the issue manager of Sanjen has informed that a total of 303,701 applicants have applied for more than 1.41 crore units of shares till closing day. Similarly, Siddhartha Capital Limited, an issue manager of Rasuwagadhi, has also informed that a total of 307,000 applicants have applied for 1.76 crore units of shares till the closing day.
The applications of Rasuwagadhi will get a minimum of 40 units and 10 units will be alloted for some through the lottery.