Nyadi Hydropower IPO Result: The allotment (result) of shares issued by Nyadi Hydropower Limited to the public will be published on 22 October 2021 Friday (2078 Kartik 5). Global IME Capital, the issue and sale manager of Nyadi Hydropower, has stated that the shares will be allotted on friday completing the pre-allotment on Tuesday.
Nyadi Hydropower had issued 2.25 million shares worth Rs. 225 million to the public from October 1 to October 5. Out of the total shares issued to the public, only 2 percent or 45,000 units of shares will be allotted to the employees, and 5 percent or 112,500 units of shares will be allotted to the mutual investment fund and only the remaining 2,092,500 units of shares will be allotted to the general public.
According to the latest statistics, 23.57 million 166 applications have been received for the IPO of Nyadi Hydropower. This is 14.09 times more than the 2 million 92 thousand 500 units expelled from the public.
As there are more applications than demand, shares will be distributed at the rate of a minimum of 10 units as per the Securities Issuance and Distribution Directive.
Accordingly, only 209250 applicants will get a minimum of 10 units of shares from the round robin. The remaining 2.148 million applicants will not get shares.