Daramkhola Hydropower IPO Allotment Results Expected Next Week!
Hey stock market enthusiasts! Are you eagerly awaiting the Daramkhola Hydropower Energy Limited IPO allotment results? We’ve got the latest updates! The IPO process is nearing completion, and according to the issue manager, Laxmi Sunrise Capital, the pre-allotment process is in its final stages. They are working diligently to finalize the share allotment within the coming week.
The Daramkhola Hydropower IPO saw an incredible response from investors! The demand was truly remarkable. Data from CDS and Clearing Limited (CDSC) reveals that a staggering 23,72,926 applicants submitted applications for a total of 2,82,52,150 units of shares before the closing date on 19th Shrawan. This signifies an impressive oversubscription of 11.66 times.
Because of this massive oversubscription, the share allocation will be determined through a lottery system (golapraatha). Unfortunately, this means that not everyone will receive the shares they applied for. Based on the current numbers, only approximately 2,42,318 applicants will be fortunate enough to get an allotment, while over 21 lakh applicants will unfortunately not receive any shares in this initial public offering.
Stay tuned for further updates on the Daramkhola Hydropower IPO allotment result. We will provide the latest news and details as soon as they become available. Good luck to everyone! This is an exciting time for investing in the Nepalese stock market! Keep an eye on your IPO application status and be prepared for the upcoming announcement!
