Bungule Hydro IPO Share Allotment Happening Today! Investment News
Good news for investors! The Bungule Hydro Limited IPO is set to be allotted today! According to Himalayan Capital Limited, the share issuance and sales manager for the IPO, the allotment will take place this morning. Stay tuned for the results!
IPO excitement has been building! Bungule Hydro Limited offered 17 lakh 1 thousand 500 ordinary shares to the public, at a face value of 100 rupees per share, totaling 17 crore 1 lakh 50 thousand rupees. This investment opportunity clearly attracted a lot of interest!
The public offering saw a massive response, with a staggering 22 lakh 53 thousand 254 applications received. This indicates a strong market interest in renewable energy and hydropower projects.
However, due to the oversubscription, the allotment will be a lottery. Only 1 lakh 70 thousand 150 investors will receive shares, each getting 10.10 shares. This means that sadly, 20 lakh 83 thousand applicants will not be getting any shares this time around.
This IPO highlights the growing interest in the stock market and new investment opportunities in Nepal. Investing in IPOs can be a great way to diversify your investment portfolio. Keep an eye on Equity Nepal for the latest stock market updates, investment advice, and financial news! We’ll be sure to bring you the Bungule Hydro IPO allotment results as soon as they are available. Make sure to check your IPO result status. Good luck to all applicants! This is crucial news for anyone interested in stock market investment!
