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Taksar Pikhuwa Khola Hydropower Finalizes Share Distribution

Taksar Pikhuwa Khola Hydropower's IPO has been allotted, with 251,545 valid applicants receiving 10 shares each via lottery.

Published By Share Gyan
Taksar Pikhuwa Khola Hydropower Finalizes Share Distribution

The Initial Public Offering (IPO) of Taksar Pikhuwa Khola Hydropower Limited was officially allotted on Wednesday, Jestha 6. The share distribution process was conducted successfully by the company's issue and sales manager, Prabhu Capital, at their central office. The company had opened the public issue from Baisakh 23 to Baisakh 28, offering 2,515,455 ordinary shares with a face value of Rs 100 per share, totaling Rs 251,545,500. The issue drew an overwhelming response, receiving applications from a total of 2,948,966 applicants for 33,746,200 shares. Out of the total submissions, 2,771,252 applications were deemed valid, while the remaining were disqualified during verification. Due to the massive oversubscription, the allotment was finalized through a lottery system in accordance with the regulatory guidelines. Consequently, 251,545 successful applicants were allotted 10 shares each. From the remaining fraction of 5 shares, 5 lucky investors among them received an additional 1 share, bringing their total allocation to 11 shares.

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