The IPO allotment of Emerging Nepal Limited will be conducted today. The allotment program will commence at Carnival Restro & Meetings, Bijulibazar, Kathmandu, starting at 3: 30 pm that day.
The investment company issued 5,55,600 units worth Rs 5.5 crore as Initial Public Offering to the general public from Magh 26. Since the IPO was oversubscribed on the first day itself, it closed at the early closing date of Falgun 01.
Out of the offered 5,55,600 units; 2% of the total offered shares to the general public i.e. 11,112 units were set aside for the employees of the company and 5%, i.e. 27,780 units for mutual funds. The remaining 5,16,708 units were for the general public.
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