Universal Power IPO Allotment Result - Check HERE How Much You Are Allotted !

IPO ALLOTMENT:

Universal Power Company Limited (UPCL) has successfully concluded its initial public offer (IPO) on Wednesday morning at 10 AM today, 27th February 2019 (15th Falgun 2075). The company had floated its total IPO issues of 93,27,410 unit shares worth of Rs 932 million at the face value of Rs 100 per unit share to the general public initially for four working days, starting from Friday 8th February 2019 (25th Magh 2075) to Tuesday 12th February 2018 (29th Magh 2075) and since due to under subscription later extended for an additional 7 working days upto until full subscription by Wednesday 20th February 2019 (8th Falgun 2075) just last week.

According to Siddhartha Capital Ltd., its issue manager, the IPO was closed after its full subscription by about 1.06 times, attracting 105,159 applications from the public. Of the total applications, 40 applications for 3,160 unit shares were rejected due to errors and the remaining 105,119 valid applications were included in the allotment process of which applicants for 50 to 1,300 unit shares were allotted in full as per their demand, while applicants for 1,500 to 10,000 unit shares were allotted 1,350 unit shares each on pro rata basis, thus leaving none empty handed.

Check the DETAILS HERE:

Asha Laghubitta IPO Allotment Result - Check HERE if You're Lucky have Allotted 10 Units !

IPO ALLOTMENT:

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has successfully concluded its initial public offer (IPO) on Friday afternoon, 8th February 2019 (26th Magh 2075). The company had floated its IPO issues of 0.674 million unit shares worth of Rs 67.4 million at the face value of Rs 100 per unit share to the general public for four working days, starting from Friday 1st February 2019 (18th Magh 2075) lasting till Tuesday 5th February 2018 (22nd Magh 2075) just early this week.

According to Prabhu Capital Ltd., its issue manager, the IPO has been oversubscribed by about 18.39 times with an overwhelming public response, attracting over 309,782 applications worth Rs 1.58 billions (Rs 1.58 arabs) demanding over 11.58 million unit shares till the final day of the issue. Of the total applications, 677 applications for 32,900 unit shares were rejected due to errors and the remaining 309,105 valid applications were included in the allotment process of which only 62,993 (20.38%) lucky applicants are allocated the mandatory 10 unit shares through the lottery system, leaving the a larger number of remaining 2,46,122 (79.62%) applicants empty handed.

Check the DETAILS HERE:

Bonus Share Tax Update: Check Here for Details !

BONUS TAX UPDATE:

Have you yet not received in your Demat account till date your bonus shares, that were distributed by banks in the fiscal financial year 2073/074? If so, have you purchased shares of the following 15 banks at certain dates? If you are entitled to receive such bonus shares since you purchased those shares in the specified date, then you are also responsible for the levied tax payment deposition into the respective bank accounts. Unless you pay them, you won't receive the bonus shares of these 15 companies.

Out of the total listed companies, annual general meeting (AGM) of 15 companies didn't approve cash dividend for tax purpose levied on bonus distribution in the FY 2073/74. Due to which, shareholders of all these 15 companies including seven commercial banks, five development banks, two microfinance and one finance companies till date have not yet received their bonus shares in their Demat accounts and the respective companies have already issued their notice to pay the levied tax amount in their corresponding bank account. Check out which companies are they and how much their bonus share tax is and what their purchase dates are, what amount of those companies and how much taxes should be paid on which company's bonus, since purchasing their shares till date.

Among these 15 companies, 12 banks including seven commercial banks namely Bank of Kathmandu Limited (BOKL), Mega Bank Nepal Limited (MEGA), Janata Bank Nepal Limited (JBNL), Prime Commercial Bank Limited (PCBL), Sanima Bank Limited (SANIMA), Siddhartha Bank Limited (SBL), Sunrise Bank Limited (SRBL) and five development banks namely Gandaki Bikas Bank Limited (GDBL), Garima Bikas Bank Limited (GBBL), Jyoti Bikas Bank Limited (JBBL), Om Development Bank Limited (ODBL), Shine Resunga Development Bank Limited (SHINE) have notified their shareholders to pay the taxes through a notice. Similarly, the remaining three companies including two microfinance namely Kisan Microfinance Bittiya Sanstha Limited (KMFL), Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) and one finance company namely Shree Investment Finance Company Limited (SIFC) have also issued a notice to their shareholders to pay their respective taxes.

CHECK HERE for DETAILS »