“Nepal Republic Media IPO Allotment Concludes: 352,593 Applicants Receive 10 Units Each”


 

Nepal Republic Media Limited is conducting its IPO allotment on Monday, 11th Ashad, 2080. The allotment program will be held at Mega Capital Markets Limited in Kamaladi, Kathmandu, at 4 pm.

The company has issued a total capital of Rs. 96.75 crores. Out of this, 43,53,000 unit shares worth Rs. 43.53 crores were reserved for the general public, which accounts for 44.99% of the issued capital. Among the shares allocated to the public, 10% (4,35,300 units) were offered to Nepalese citizens working abroad, 4% (174,120 units) were set aside for the company’s employees, and 5% (217,650 units) were allocated to mutual funds. The remaining 35,25,930 units were made available to the general public.

 

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