Arun Valley Hydropower IPO Share Allotment Result

The general shares of Arun Valley Hydropower Company Ltd. have been allotted today on 14th August 2009 (2066 Shrawan 30). To check your allotment, click below to download.

DOWNLOAD Arun Hydropower IPO Share Allotment Result (Courtesy: 2shared.com and Jamb News Service)

Or you can check directly from the website of NMB Bank. For this click here to follow.

Arun Valley Hydropower Company’s primary issue had been oversubscribed by over 21 per cent to Rs 2 billion. Arun Valley Hydropower Company Ltd. had issued total 515000 no. of shares as initial public offering from 23rd June 2009 (2066 Ashad 9).

NMB Bank is the sales and issue manager for Arun Valley’s primary issue while the issue and sales managers of Chilime’s primary issue are NIDC Capital Market and Citizen Investment Trust (CIT).

Arun Valley — established in 1997 aims to develop, build, own and operate hydropower projects and has formed joint ventures with companies to build medium and large hydropower projects and develop entrepreneurship for the promotion of the hydropower sector’s currently-owned Piluwakhola Hydro Project (3MW).