Kalanga Hydro IPO Allotment Completed; 25,000 Applicants Receive Shares

Kathmandu — Kalanga Hydro Limited has completed the allotment of its Initial Public Offering (IPO) issued to Nepali citizens working abroad. The shares were open for subscription from Chaitra 10 to Chaitra 15, and the allotment was finalized on Chaitra 20.According to the company, a total of 350,000 units of shares were distributed among 25,000 successful applicants, in line with prevailing regulations. Investors can check their allotment results through the website of Sanima Capital Limited and the CDSC platforms.The company has stated that shares will be credited to the accounts of successful applicants, while the application amount of unsuccessful applicants will be refunded through their respective bank accounts. C-ASBA member institutions have been requested to facilitate the refund and settlement process.The IPO, targeted at Nepalis working abroad, received notable investor interest. Market observers are now closely watching the company’s future performance as it moves forward with its investment plans in the hydropower sector.