IPO allotment.

The IPO of Buddhabhumi Nepal Hydropower Company Limited has been allotted on Friday.

The shares were distributed at the office of Civil Capital Market, the company’s IPO issuance and sales manager.

A total of 2,030,955 people had applied for a total of 24.43 million shares in the IPO. Of them, 16,033 applications have been rejected, according to Capital. The remaining 2 million 14 thousand 922 people have been allotted shares through round robin.

Out of the approved applications, 74,400 lucky people have received shares at the rate of 10 lots. The rest of the applicants are left empty handed.

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