Beni Hydropower Project Limited has completed the allotment process for the IPO issued to project-affected local residents. The allotment was carried out today by issue manager NMB Capital Limited.

The company had issued 1.04 million ordinary shares for locals affected by the project in Solukhumbu district from Chaitra 1 to 15.

According to the allotment details, applicants from highly affected areas who applied for 10 to 200 shares received shares as per their demand. Applicants who applied for 210 to 5,000 shares were allotted 200 shares each. Among them, 1,484 applicants received an additional 10 shares through a lottery system, allowing a maximum allotment of 210 shares.

Similarly, applicants from affected areas who applied for 10 to 50 shares received shares as requested. Those applying for 60 to 3,000 shares were allotted 50 shares each, while 46 applicants received an extra 10 shares through lottery, making the maximum allotment 60 shares.

For partially affected areas, applications exceeded the available quota, resulting in allotment through lottery. Out of 21,945 eligible applicants, 20,800 applicants received 10 shares each, while 1,145 applicants remained without allotment.

Investors can check the IPO result by visiting the CDSC IPO result portal and selecting “Beni Hydropower Project Limited (For Local)” before entering their 16-digit BOID number.