Samling Power Company allots IPO shares to project-affected locals of Ilam; valid applicants receive 10 to 80 unit shares

Samling Power Company has allotted its ordinary shares issued in the IPO process to the project affected locals of the Ilam district on Aswin 20, 2078.

Out of the total 3255 valid applications from severely affected locals, everyone has received 10 to 80 unit shares while 17789 valid applicants under the project-affected category have received 10 to 20 unit shares out of the total 5 lakh unit shares in the offer, as per the media statement.

The company is in the final stage to float remaining shares to the general public in a near future, as per the media statement.

The company has already brought in operation 9.51 MW Maibeni hydro projects in the Ilam district from Aswin 1, 2078.