Kalinchowk Hydropower IPO Allotment Finalized: Only 68,475 Applicants Lucky via Lottery
The IPO allotment for Kalinchowk Hydropower concluded today, with 68,475 lucky investors receiving 10 units each from a pool of over 2.6 million applicants.
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Kalinchowk Hydropower Limited has officially concluded its IPO allotment process at the premises of its issue manager, RBB Merchant Banking Limited. The offering saw overwhelming interest, with 2,635,634 valid applicants vying for the 684,750 units available to the general public. Due to the massive oversubscription, the allotment was decided via a lottery system, resulting in 68,475 lucky winners receiving the standard 10-unit share. Those who participated can now check their status via the CDSC IPO portal, MeroShare, or the issue manager’s website.