Pure Energy's IPO Distribution Set for Tomorrow Morning, Holding Your Fortune!

Kathmandu, Baisakh 10. The date for the distribution of the highly anticipated IPO of Pure Energy Limited has been set. According to Nabil Investment Banking, which is acting as the sales manager for this IPO, the distribution program will take place tomorrow, Baisakh 11, at 8:30 AM at the office of the institution located in Narayanchaur, Naxal, Kathmandu.

Investors seem to have to rely on their luck to obtain Pure Energy's IPO. The data confirms that there are 19.28 times more applications than the number of shares available for sale. This means that due to the limited number of shares, distribution will only be possible through a lottery system.

According to the received data, 193,653 applicants have registered for a total of 22,742,650 shares. However, as the total number of shares available for distribution is only 1,195,200, only 119,520 fortunate applicants will manage to acquire 10 units each. This means that the remaining 181,653 investors will be deprived of this opportunity.

Previously, Pure Energy had issued a total of 1,195,200 shares at a price of Rs 100 per share, amounting to Rs 119,520,000, for the general public from Chaitra 28 to Baisakh 2.

Click here to check IPO result of Pure Energy Limited