Dibyashwari Hydropower IPO allotment of 2.64 lakhs unit shares for locals within this week; Big investors likely to get 18.91% whereas small investors 59.79% of the total investment

Dibyashwari Hydropower Company Limited  had issued 2,64,000 unit shares worth Rs 2.64 crore as part of its Initial Public Offering (IPO) at face value of Rs 100,  for the locals of  Sankhuwasabha district (Dhupu, Syabun, Wana VDC and Chainpur Municipality Ward no. 8,9,11 project affected area) from Falgun 30, 2072 till Chaitra 14, 2072. The IPO was oversubscribed by 3.84 times. An official with Ace Capital Limited said, “The allotment of the IPO will take place within this week. The premise and time of the allotment will be finalized after Sebon verifies the preliminary allotment report” As per the preliminary data, the big investors are likely to be allotted 18.91% and small investors are likely to get 59.79% of the total investment, he added. However, percentage may change with the final output of the allotment data. Ace Capital Limited has been assigned as the issue manager for the IPO issue. The authorized and issued capital of company is Rs 56 crore and Rs 26.40 crore respectively.  The Paid up capital of the company remains at Rs 19.80 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 26 crore. After the IPO for the locals of project affected area, the company will be floating 3, 96,000 units shares as a part of IPO for the general public.