IPO of Ru Ru Hydropower Project distributed; around 98pc left empty-handed

NL Today

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Kathmandu: The Initial Public Offering (IPO) of Ru Ru Hydropower Project has been distributed on Friday.

According to the issue manager, NMB Capital, 1,669,566 applicants had applied for 233,077,220 units.

Out of 1.59 million eligible applicants, only 37,916 applicants have received shares at the rate of 10 units, while 97.61 percent of applicants were left empty-handed.

A total of 78,000 applications were rejected.