March 28, 2019 | Investopaper
The allotment of IPO shares Trishuli Hydropower Company is concluded today. Honorable Prime Minister KP Sharma Oli who applied for 10,000 shares got 20 shares. Radhika Sakya, wife of PM was also handed with 20 shares along with Energy Minister Barshaman Pun.
The IPO received almost 1.55 lakh applications for 37 lakh shares. 50,267 applicants were lucky enough to receive 30 shares each through the lottery process. All the remaining 1,54,559 valid applicants got 20 shares each.
The IPO was the first initiative under the government project ” Citizen’s Hydropower Program”
Global IME Capital Limited was the issue manager for the IPO.
To see the IPO allotment result click on the link below: