Sahas Urja IPO Result, 644,000 got 10 lots today

Sahas Urja IPO

Sahas Urja IPO: Sahas Urja Limited today (Sunday) distributed ordinary shares (IPO) to the public. 

The shares issued to the public from September 22 to 26 were distributed at 9 am today.

Of the total 23 lakh 95 thousand 456 people who have applied, only 644 thousand have received IPO at the rate of 10 lots. Out of the total applications, only 2,383,460 applications have been accepted while 11,996 applications have been rejected, said NIBL Capital, the company’s share issue and sale manager.

A total of 34.498 million 390 lots of shares were demanded from 24.74 million 436 applicants. This is 5.35 times more than the 6.4 million shares issued to the public. Earlier, pre-allotment was done on Friday. The company had issued 7 million shares worth Rs. 70 crore.

The company is currently constructing a total of 86 MW Solukhola (Dudhkoshi) Hydropower Project in Soludhudhkund Municipality and Thulungdhkoshi Village Municipality of Solukhumbu District. The company has made public the details that the cost per megawatt of the project will be Rs. 137.9 million.