KATHMANDU: The IPO allotment of Pure Energy Limited took place today (Thursday) at the office of the issue manager, Nabil Investment Banking. A total of 119,520 applicants received 10 shares each through a lottery system.

Out of 1.85 million applications, only 1.84 million were approved. The IPO was open for public subscription from Chaitra 28 to Baisakh 2. The company issued 1,195,200 units of shares at a face value of NPR 100 each, amounting to NPR 119.52 million.