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IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin

Vision Lumbini Urja Company Limited has completed its IPO share allocation to foreign Nepalese employees on September 30, 2023. The company has a total issued capital of Rs. 1.91 Arba, with 10% (19,12,500 units) of shares, worth Rs. 19.12 Crores, allocated to project-affected locals of Kaski District. An additional 10% (19,12,500 units) will be offered to the general public later. Out of this public offering, 10% (191,250 units) was designated for Nepalese citizens working abroad from August 19 to September 2, 2023.

The IPO received a total of 29,822 applications for 7.52 lakh units of shares according to the allotment plan.


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