The Initial Public Offering (IPO) of Samling Power Company Limited has been scheduled for Tuesday.

Recently, the company had concluded its IPO issuance on October 25, 2021 (i.e. Kartik 8, 2078).

As many as 7,30,000 unit shares were issued for subscription by the general public, which totalled to 14.6 per cent of the company's issued capital.

Two per cent of the issue worth 14,600 shares were allocated for employees of the company and 5 per cent worth 36,500 shares for mutual funds.

Meanwhile, the remaining 678,900 shares were purely for the individual public.

Nepal SBI Merchant Banking Limited is the issue manager of the company.

It has been learnt that, 22,65,698 applicants have applied for a total of 2,69,33,500 units, indicating 39.67 times oversubscription of the issue.

Only 67,890 lucky applicants will be allotted