The IPO allotment for Daram Khola Hydro Energy has been delayed after the board did not approve the time proposed by Capital. The allotment was originally scheduled to take place on Monday, Shrawan 26. However, due to the delay in approval, the company has now decided to complete the allotment by Wednesday, Shrawan 28.
According to the company, the change in date was necessary to ensure all technical and procedural requirements are met before publishing the results. Officials stated that the postponement will help avoid operational or regulatory issues during the allotment process.
The IPO had drawn massive attention from the public. A total of 23,72,926 people applied for shares, but only 2,42,318 applicants will be allotted shares. This means 21,30,608 people will return empty-handed due to oversubscription.
The allotment will still be done through the standard lucky draw system, commonly used for oversubscribed IPOs in Nepal. Shares for successful applicants will be credited to their Demat accounts after the allotment, while refunds will be processed for the rest.
Daram Khola Hydro Energy’s IPO attracted strong investor interest, showing the continued enthusiasm of Nepali investors for the hydropower sector. Analysts believe the delay will not affect market confidence, given the company’s project potential and the growing demand for renewable energy investments.
Daram Khola Hydro Energy IPO Allotment Details
| Description | Number/Units |
|---|---|
| Total shares issued | 24,23,180 units |
| Total applicants | 23,72,926 people |
| Applicants to get shares | 2,42,318 people |
| Applicants empty-handed | 21,30,608 people |
