Mid-Solu's IPO allotment has concluded; How to check result ?

The Mid Solu Hydropower Company's IPO distribution is set to take place today, Ashwin 10, as confirmed by NIC Asia Capital, the issue manager. The IPO distribution is scheduled for 5 p.m. 

Due to an overwhelming response, with a staggering 24.34 times more applications than the available shares, the IPO distribution process will rely on the process of  Lucky Draw. In this IPO offering, a remarkable 13,54,846 individuals have submitted their applications for a total of 1,51,22,250 shares. Regrettably, only 62,118 fortunate individuals will have the privilege of securing shares, leaving 12,92,728 others without a piece of the pie.

The company made a public offering of 621,172 shares, available from Bhadra 29th to Ashwin 2nd, at a price of Rs. 100 per share. Additionally, 14,968 shares were set aside for employees, and 37,420 shares were allocated to the mutual fund, with the remainder being made available to the general public.

How To Check Result:

You can check your results from CDSC's official site https://iporesult.cdsc.com.np/ or from NIC ASIA Capital IPO  you can download Share Hub app which makes the process much easier with additional features.