Saturday, August 15, 2009

Arun Valley IPO Allotted

NMB Bank Ltd KATHMANDU: NMB Bank Ltd allotted primary shares of Arun Valley Hydropower Development Coompany on Friday. The Hydrpower company -- that has issued the primary shares adding premium of Rs 84 at a face price of Rs 100 per unit -- had floated its 5,15,000-unit shares at Rs 184 per unit from June 23 to June 26.

It has received a total of 1,10,737 valid applications but only 27,502 applicants got the shares. Arun Valley became the first company to float the shares adding premium though Chilime Hydropower is the first to recveive approval to add premium.

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