The Allotment result of Mailung Khola Jal Vidhyut Company ipo concluded today 26th Shrawan 2078( 10th August).
Mailung Khola Jal vidhutcompany limited issued 736,286 unit share from 14th Shrawan among which 2% (14,726 units) is seperated for staffs and 5% ( 36814 units) is separated for mutual funds and 684,746 unit are for Public. According to the issue manager Siddhartha Capital, 21,18,925 applicants have applied for a total of 2,85,41,840 units. Out of 21,18,925 applicants only lucky 68474 person will get 10 unit of share each by lottery system and lucky 6 person will get extra 1 unit share each.
Mailung Khola Hydropower Company Private Limited is a private company incorporated on 7 Bhadra 2059 (July 23, 2002) as per prevalent Acts of Nepal, with objective to develop and invest in hydropower projects. This Company has developed 5 MW Mailun Khola Hydropower Project in Rasuwa district and its operation is for a period of 35 years under a Construction & Generation License issued by prevalent HMG of Nepal on the basis of a power purchase agreement with Nepal Electricity Authority.
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