Over 4.02 Times Oversubscription in Daramkhola Hydropower's IPO for Migrant Workers

Daramkhola Hydropower Energy Limited's IPO issued for Nepali citizens working abroad has received an overwhelming response, with applications exceeding the offering by 4.02 times. According to CDS, as of 5:06 AM on Ashar 18, a total of 58,797 applicants had applied for 1,175,020 shares, amounting to over NPR 117.5 million.

The company opened 291,150 shares for migrant workers starting from Ashar 9. Applicants could apply for a minimum of 10 shares and a maximum of 50,000 shares. The final application deadline is Ashar 23. Laxmi Sunrise Capital is the issue manager for this IPO.