KATHMANDU, JUNE 21
The IPO allottment of Dordi Khola Jal Bidyut Company Ltd (DORDI) has been scheduled for Wednesday morning.
Siddhartha Capital Limited, which is the issue manager of the IPO issuance, will hold the allottment process at its premises in Naxal, Kathmandu at 9: 00 am tomorrow.
Earlier, the hydropower company had opened its IPO issue for 20,19,869 units of ordinary shares worth Rs 20.19 crore for subscription by the general public from July 10-15 (i.e., 26th Jestha to 31st Jestha).
Among the 21,95,509 unit shares; 3 per cent of the issue i.e., 65,865 shares had been allocated for the employees of the company while 5 per cent which is 1,09,775 shares were reserved for mutual funds. Meanwhile, the remaining 20,19,869 shares were purely for the individual public.
According to CDSC, 15,64,522 applicants were received till the last day, applying for a total of 1,79,33,070 units. Thus, the issue has been oversubscribed by 8.87 times.
