Sanigad Hydro's IPO Allotment Completed, Here's the Result.

The IPO allotment of Sanigad Hydro Limited (SGHL) has been completed. According to the allotment conducted at the office of the issue manager, LS Capital Limited, 467,400 applicants have been allotted shares at a minimum rate of 10 units each.

The company had offered 4.674 million ordinary shares to the general public. More than 2.759 million investors applied for the IPO, resulting in demand that exceeded the available shares by approximately 6.45 times. Due to the overwhelming number of applications, shares were allotted through a lottery system, with successful applicants receiving a minimum of 10 units.

Following the allotment, only around 16.94 percent of applicants received shares, while the majority were left empty-handed. The IPO attracted strong investor interest, reflecting the continued popularity of hydropower company offerings in Nepal's primary market.

Investors can check their allotment status through the CDSC IPO Result Portal, MeroShare, or the website of the issue manager. Applicants can verify whether they have received shares by entering their BOID number.

Click here to check the Sanigad Hydro IPO result

Sanigad Hydro issued the IPO to strengthen the capital structure of its hydropower projects operating in the Bajura and Far-West regions of Nepal. Following the allotment process, the company's shares are expected to be listed on the Nepal Stock Exchange (NEPSE) and become available for secondary market trading.