Kalanga Hydro Limited has successfully concluded the IPO allotment for project-affected locals of Bajhang district on 14th Baishakh, 2083.

The company has an issued capital of Rs. 1.40 Arba, out of which 35% (49 lakh units) is allocated to the public. From this, 10% (14 lakh units) was reserved for project-affected locals, while the remaining 25% (35 lakh units) will be offered to the general public.

The IPO received 3,441 valid applications for a total of 2,639,960 units, while 34 applications for 29,500 units were disqualified.

As per the allotment results, 762 applicants who applied for 10 to 270 units received shares as per their demand, totaling 131,320 units. Meanwhile, 2,679 applicants who applied for 300 to 15,000 units were allotted 290 units each, totaling 776,910 units. Additionally, 177 applicants from this group received 10 extra units through a lottery system.

The company has successfully completed the allotment process for local investors, marking a key milestone before opening shares to the general public.