Taksar Pikhuwa Khola Hydropower IPO Allotment Scheduled for May 20
Taksar Pikhuwa Khola Hydropower Limited is set to allot its IPO shares to the general public on May 20. More than 251,000 applicants are expected to receive 10 units each through the lottery process.
Taksar Pikhuwa Khola Hydropower Limited has finalized the allotment date for its Initial Public Offering (IPO) issued to the general public. The issue manager, Prabhu Capital Limited, is preparing to conduct the allotment on Wednesday, May 20.
The company had opened the IPO for public subscription from May 6 to May 11, issuing a total of 2.515 million shares to general investors. The offering received strong participation from applicants across the country.
Following the allotment process, around 251,545 applicants are expected to receive shares at the minimum allocation rate of 10 units each through a lottery system. The remaining applicants, however, will remain empty-handed due to oversubscription.
Investor interest in IPOs has remained high in Nepal, particularly in hydropower companies, which continue to attract strong demand from retail investors.
Applicants will be able to check the IPO allotment results through the official websites of Prabhu Capital Limited, the CDSC platform, and the MeroShare portal.