Kalinchowk Hydropower Limited has finalized the allotment date for its Initial Public Offering (IPO) issued to the general public.

According to the issue manager, RBB Merchant Banking Limited, the allotment is scheduled for Monday, Baishakh 7.

The company had issued a total of 684,750 shares to the public from Chaitra 22 to 25.

Following the allotment, only 68,475 applicants will receive shares at the minimum allocation of 10 units each, while the majority of applicants will not receive any shares.

The IPO witnessed heavy oversubscription, resulting in limited allocation for investors.