Today marks the final day for investors to apply for the initial public offering (IPO) of Kalanga Hydro Limited issued for the general public. The company had opened the IPO issuance on Jestha 8, offering a total of 2.87 million shares to retail investors.

Under the offering structure, investors are allowed to apply for a minimum of 10 shares and a maximum of 20,000 shares. Sanima Capital Limited has been appointed as the issue and sales manager for the IPO.

According to the latest data released by CDSC, applications had already crossed significant levels by Tuesday evening. A total of 2,574,742 applicants had submitted bids for the IPO.

The total demand has reached approximately Rs. 2.81 billion, with applications received for 28.15 million shares in total. This demand is around 9.80 times higher than the number of shares allocated for public issuance.

The strong oversubscription reflects continued investor interest in hydropower sector IPOs in Nepal’s primary market. Market observers note that competition for allotment is likely to remain high due to the large number of applicants compared to the limited shares available.

Investors who have not yet applied can submit their applications through Mero Share and authorized ASBA member banks before the close of banking hours today.