Upper Syange Hydropower Concludes IPO Allotment; Shares Issued to General Public
The IPO allotment process for Upper Syange Hydropower Limited has been completed at the premises of Siddhartha Capital Limited in Kathmandu. The company had previously offered 539,500 units of IPO shares with a face value of Rs 100 to the general public from the 10th to the 13th of Ashad, 2080. Additionally, 2,20,000 shares were issued to project-affected locals in Lamjung District, and 65,000 shares were allocated to Nepalese citizens working abroad. As a result of the IPO, the promoter-public share ratio will be adjusted to 60.45:39.55.