KATHMANDU: The Initial Public Offering (IPO) of Sanigad Hydro was allotted on Monday, with 467,400 applicants receiving 10 shares each.

According to Laxmi Sunrise Capital, the issue manager, a total of 2,759,490 applications were received for 30,132,500 shares. Of these, 2,727,515 applications were approved, while the remaining applications were rejected.

The company had opened the IPO for the general public from June 1 to June 4, issuing 4,674,000 shares at a face value of Rs 100 per share.

Investors can check the allotment results through Mero Share, the websites of Laxmi Sunrise Capital, Sanigad Hydro, and CDS and Clearing.