The IPO allotment of Maya Khola Hydropower Company Limited is concluded today, and 1,99,200 applicants got ten units each, while 10,79,488 applicants got refunded.
The company has managed to rise 19.92 crores from its Initial Public Offering (IPO).
| IPO Result | MKHCL |
|---|---|
| Issue Manager | PRABHU CAPITAL LIMITED |
| Issue Open Date | 2023-01-27 10:00 AM |
| Issue Close Date | 2023-01-31 5:00 PM |
| Result Date | 2023-02-10 |
| Oversubscribed | 7.09 times |
| No. Of Share Issued | 1992000 |
| No. of Applicants | 1278688 |
| Ten units allotted | 1,99,200 applicants |
| Listing Date | 6th March 2023 |
IPO result of Maya Khola Hydropower
According to CDSC’s official report, more than a million people will get zero units from the Maya Khola Hydropower.
The IPO result of this company was published on 10th February 2023.
12 lakhs 78 thousand and 688 people applied for the IPO of MKHLC, which issued 19,92,000 shares at face value of R 100, and only 1 lakh 99 thousand and 200 applicants will get 10 units.
The remaining me, along with other 10,79,487 applicants, will be returning with empty hands.
Furthermore, 48,000 units were allotted to the employees and 1,20,000 to the mutual funds.
According to a report by sharesansar, 5,542 applicants were disqualified due to reasons such as duplicate applications from Local Shareholders, Foreign Employee Shareholders, Staff, and C-ASBA suspects.
I applied, too but was not alloted. Hehe…
