Peoples Power Limited

28th August 2022, Kathmandu

Peoples Power Limited has allotted the recently issued initial public offering (IPO) today on the premises of Prabhu Capital, the issue manager of the company.

Out of 2,467,400 units of ordinary shares issued at a face value of Rs. 100 per unit from August 16-21, the company secured 49, 348 units i.e 2% to its employees, and 123,370 units i.e 5% of total units to mutual funds. The remaining 2,294,682 units were issued to the public.

A total of 1,551,413 applications were received as per the capital. Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines.

Under this, only 229,468 applicants were provided 10 units of shares. Out of them, 2 lucky applicants were also provided one additional unit.

Previous articleKathmandu to Host Entrepreneurs Startup Award in Nepal
Next articleNepal Telecom Brings Teej Offer 2079
Mina Aryal is a Nepali tech journalist and media expert. She is currently the chief editor of ICT Frame, a leading online tech media outlet in Nepal that covers topics such as technology, business, and entrepreneurship. Aryal has been involved in the field of tech journalism for over a decade and has covered various topics such as internet governance, cybersecurity, e-commerce, and startup ecosystems. She has also been involved in organizing and promoting tech events in Nepal to bring together tech enthusiasts, entrepreneurs, and investors to discuss and collaborate on various topics related to the tech industry. Aryal is considered one of the most influential tech journalists in Nepal and has been recognized for her contributions to the field.


Please enter your comment!
Please enter your name here