Himalaya Urja IPO Allotment Result Concludes for Local Residents !

IPO ALLOTMENT:

Himalaya Urja Bikas Company Limited (HUBCL) initial public offer (IPO) allotment result for locals of project affected areas of Ramechhap and Dolakha districts is successfully completed today. The company floated 9,90,000 unit shares equivalent to 10% of its issued capital of Rs 990 million at the face value of Rs 100 per unit shares in the first phase, starting from 06 Kartik 2075 till 20th Kartik and is oversubscribed by 1.2 times with 7,040 applications for 11,98,970 unit shares from the local residents.

Of the total issuing unit shares, 396,000 (40%) were for the locals of most affected area of Gokulgnaga Rural Municipality ward no 1 and Jiri Municipality ward no 1 and 2, whereas 594,000 (60%) to locals of affected area of Gokulganga Rural Municipality ward no 2, 3, 4 and 5, Jiri Municipality ward no 3, Tamakoshi Rural Municipality ward no 5 and 6 and Manthali Municipality ward no 13.

Check the RESULTS HERE:

Madhya Bhotekoshi Both IPO Allotment Results - Check How much You're Allotted !

IPO ALLOTMENTS:

Madhya Bhotekoshi Jalvidyut Company Limited (MBJCL) initial public offer (IPO) allotment results of first and second phase are both successfully made at 3:00 PM in Smart Café and Banquet, Dhumbarahi, Kathmandu. The company had floated 1.17 crore unit shares for the members registered in Employees Provident Fund (EPF) in its first phase of issuance, starting from 28th Kartik lasting till 14th Mangsir 2075. Soon after starting from 19th Mangsir 2075, the company then floated in the second phase of issuance 21 lakh unit shares for the employees of the promoter companies and 6 lakh unit shares for the employees of the Provident Fund lasting till 26th Mangsir 2075.

The first phase issue was 3.11 times oversubscribed with 139,778 valid applications worth Rs 3,63,95,39,000 for 3,63,95,390 unit shares. Of these, all 24,866 applicants applying for 50 to 90 are each allotted in full as demand while 114,912 applicants applying for 100 to 500 are each allotted 90 unit shares, but the remaining 4,543 lucky ones of these are also allotted 10 additional unit shares by lottery making a maximum of 100 each.

The second phase issue was 1.68 times oversubscribed with 8,439 valid applications worth Rs 35,95,000 for 35,950 unit shares. Of these, all 573 applicants applying for 50 to 250 are each allotted in full as demand, while 7,866 applicants applying for 260 to 500 are each allotted 250 unit shares, but the remaining 1,712 lucky ones of these are also allotted 10 additional unit shares by lottery making a maximum of 260 each. Similarly, 612 valid applicants from employees of Provident Fund applying for 6 lakhs unit shares are also allotted as per the allotment module prepared by EPF.

Global IME Capital Limited was appointed as the issue manager while NIBL Ace Capital, Prabhu Capital, Laxmi Capital, Sanima Capital, Civil Capital and CBIL Capital were appointed as other co-issue managers.

Check the RESULTS HERE:

Chautari Laghubitta IPO Allotment Results - Only 56,070 Lucky Applicants Allotted 10 Units !

IPO ALLOTMENT:

Chautari Laghubitta Bittiya Sanstha Limited (CHAUTARI) has successfully concluded its initial public offer (IPO) today at noon, Friday 14th December 2018 (28th Mangsir 2075). The company had floated its IPO issues of 0.6 million unit shares worth of Rs 60 million at the face value of Rs 100 per unit share to the general public for four days, starting from Wednesday 5th December 2018 (2nd Mangsir 2075) lasting till Sunday 9th December 2018 (23rd Mangsir 2075) just early this week.

According to NIBL Ace Capital Ltd., its issue manager, the IPO has been oversubscribed by about 30.59 times with an overwhelming public response, attracting over 273,192 applications worth Rs 1.71 billions (Rs 1.71 arabs) demanding 1.71 million unit shares till the final day of the issue. Of the total applications, 475 rejected due to errors and only 56,070 lucky applicants are allocated the mandatory 10 unit shares through the lottery system, leaving the remaining a larger number of more than 2,17,122 applicants empty handed.

Of the total 600,000 unit shares, the company has set aside 9,300 unit shares (0.5%) for its employees and 30,000 unit shares (5%) for the existing mutual fund companies.

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The company is floating the remaining 5,60,700 unit shares (94.5%) to the general public alone. The provision of application for the interested public investors was a minimum of 50 and a maximum of 3,000 unit shares.

The company has a current paid-up capital of Rs 126 million (Rs 12.6 crores) that has been raised from its promoters. After the issuance of this IPO, Rs 60 million (Rs 6.0 crores) will be added to reach Rs 186 million ( Rs 18.6 crores). In its first quarter (Q1) of the current fiscal year 2075/76, the microfinance has earned a net profit of Rs 3.74 million (Rs 37.48 lakhs) with Rs 12.6 million (Rs 1.26 crores) in its reserve and bad debt ratio of 0.43%.

Check the RESULTS HERE:

Joshi Hydropower IPO Allotment Result - Confirm How Much You Got ?

IPO ALLOTMENT:

Joshi Hydropower Development Company Limited (JHDCL) has successfully concluded its allotment of initial public offer (IPO) to the general public today morning, Tuesday 11th December 2018 (25th Mangsir 2075) by Siddhartha Capital Ltd., its issue manager. The allotment was held amidst a program organized at Siddhartha Capital premises in Narayanchaur, Naxal, Kathmandu at around 10:30 AM. The company had floated 16,90,470 unit shares worth more than Rs 169 million (Rs 16.90 crores) at the face value rate of Rs 100 per unit share, starting from last Sunday 2nd December 2018 (16th Mangsir 2075).

According to the issue manager, the IPO was oversubscribed by 3.7 times with a total of 83,770 applications of which 34 applying for 10,630 unit shares were disqualified due to errors. As per the SEBON directive, all the 83,736 valid applications were initially each allotted a minimum of 10 unit shares, while 76,112 of these applications were each lucky enough to be allotted with additional remaining 10 unit shares through the lottery system.

The hydropower company had set aside 50,714 unit shares (3%) for its employees and 84,523 unit shares (5%) for the existing mutual fund companies. The company floated the remaining 15,55,233 units shares (92%) to the general public alone. The provision of application for the interested public investors was a minimum of 50 and maximum of 800,000 unit shares.

After the issuance of this IPO, its paid up capital will reach Rs 371.4 million (Rs 37.14 crores).

Earlier, the company had issued 3,71,400 unit shares for the locals of affected area of Ilam municipality where 2,42,010 unit shares were unsubscribed that have also been included in this issue.

Check the RESULTS HERE:

Chautari Laghubitta IPO Issue Deadline on Sunday- How is the Company and How Much to Apply ?

IPO:

Chautari Laghubitta Bittiya Sanstha Limited (CHAUTARI) Initial Public Offering (IPO) share issue is reaching its deadline today Sunday 9th December 2018 (23rd Mangsir 2075). The company has been issuing 600,000 unit shares worth Rs 60 million (Rs 6.0 crores) at the face value rate of Rs 100 per unit share, starting immediately from last Wednesday 5th December 2018 (19th Mangsir 2075).

NIBL Ace Capital Ltd. has been appointed as the issue and sales manager of the company. The microfinance company is already oversubscribed by about 22.25 times with an overwhelming public response, attracting over 202,369 applications worth Rs 1.25 billions (Rs 1.25 arabs) demanding 12,479,780 unit shares so far till the third day Friday 7th December 2018 (21st Mangsir 2075).

DETAILS ? Check HERE ! »

Joshi Hydropower Issuing IPO Shares From Today - How is the Company and How Much to Apply ?

IPO

Joshi Hydropower Development Company Limited (JHDCL) is issuing its Initial Public Offering (IPO) of 16,90,470 unit shares worth more than Rs 169 million (Rs 16.90 crores) at the face value rate of Rs 100 per unit share, starting immediately from today Sunday 2nd December 2018 (16th Mangsir 2075). The hydropower company received its approval approval for its IPO issue from Securities Board of Nepal (SEBON) on Thursday 5th November this year 2018 (19th Kartik 2075).

The offering of the shares is open initially only for 4 trading days and will close on as early as this Wednesday 5th December 2018 (19th Mangsir 2075) if all shares are sold, else the closing date is extendible maximum up to Monday 31st December 2018 (16th Paush 2075).

Interested investors must apply for a minimum of 50 unit shares and can apply a maximum of up to 800,000 unit shares. However, it is advisable to apply for only the minimum 50 unit IPO share since mandatory allotment of only 10 units of share will be made to every applicant presumably by lottery system after its oversubscription.

DETAILS ? Check HERE ! »