Kathmandu.The IPO of Kalang a Hydro Limited has been allotted. The IPO of the company was issued at the office of Sanima Capital on Wednesday. 

The company had issued 28,70,000 units of shares worth Rs 28.70 crore at a price of Rs 100 per {{} and at the rate of Rs 100 per. 

A total of 29,01,924 applicants had applied for 3,15,92,250 units of shares in the IPO. Out of them, only 28,60,766 applications have been approved. 

After receiving more applications than the demand, the IPO was allotted through the IPO lottery.A total of 2,87,000 people have been allotted 10 units of shares.