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There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens?

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There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens?

I didn’t have secondary account till yesterday

View on r/NepalStock by haywireeeeee

Topics Covered in this post:
Shares | ipo | IPO/FPO | alloted
Also Read:
“Himalayan 80-20 Mutual Fund Scheme Receives Strong Demand” NEPSE Faces Volatility and Ends Short Trading Week with a Significant Decrease of 4.74% in Index Value Gifting shares to family member. Is it possible, how? NEPSE Index Records a 0.54% Decline Amidst Mixed Performances in Sector Indices SEBON issues Letters of Intent to 13 new broker companies who submitted license applications. Reliable Nepal Life Insurance (RNLI) Lists 64,00,000 Unit Bonus Shares on NEPSE

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  2. Avatar of BellArtistic6144 BellArtistic6144
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    October 20, 2023,

    Jyoti life got merged with surya life to form surya jyoti life in the ratio of 0.9:1 i.e 10 Units of jyoti life will be converted into 9 Units of surya jyoti life .

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