The allotment of the Initial Public Offering (IPO) of Panchakanya Mai Hydropower Ltd. (PMHL) has successfully been concluded today Friday morning 27th July 2018 (11 Shrawan 2075) by Sunrise Capital Ltd., its issue manager. The allotment was held amidst a program organized at Sunrise Capital premises in Kamalpokhari, Kathmandu at 10:00 AM.
Out of the total 1,46,389 valid general applicants, exactly 1,00,100 (68.38%) were decided through lottery and each lucky one was allotted a mandatory 10 unit shares as per the SEBON directive while the remaining 46,289 (31.62%) were unfortunately left empty-handed.
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