Butwal Power Company Limited (BPCL) has allocated 4.1 million units of further public offering (FPO) this morning at 9:00 AM today Wednesday 28th March 2018 (14th Chaitra 2074) at the company premises in Buddhanagar, Kathmandu. According to its issue manager, NMB Capital Limited, a total of 85,614 applicants had applied for 2,902,276 unit shares. Of which a total of 84,804 applicants have been allotted 2,859,170 unit shares. Allottees were issued a minimum of 10 units and a maximum of 20,400 unit shares.
There were a total of 758 invalid applicants demanding 43,106 unit shares that were cancelled. Of these, 52 applicants who had applied from 21,320 unit shares were rejected for double applications, 677 applicants were rejected for wrong DMAT account numbers, and 29 applications were rejected for uneven number of unit shares demand. Laxmi Capital Market Limited was the co-issue manager for the FPO.
Check the link below to see/download the FPO ALLOTMENT Notice:
Check the link below to see/download the FPO ALLOTMENT MODEL:
The company issued 4.081 million units of FPO at the price of Rs 501 worth Rs 408.1 million. The FPO issuance was undersubscribed despite extending the deadline and allowing promoter investors to take part in the issuance. Subsequently, the remaining 1,221,830 unsubscribed unit shares are being accepted by the underwriter companies: NMB Capital, Laxmi Capital, NIBL Ace Capital, Global IME Capital, Global IME Samunnat Scheme-1, Nabil Investment Banking Ltd, Nabil Balanced Fund-1 and Nabil Equity Fund.
The company issued the shares with a face value of Rs 100 at a premium of Rs 401. However, the continuous bearish trend in the capital market has decreased charm of public issues. At present, the market price of the stock is at Rs 468 as per the last trading yesterday Tuesday. Thus, the FPO allottees are now at a loss of Rs 33 per unit share allotted.
BUTWAL POWER (BPCL) FPO ALLOTMENT RESULTS!
(बुटवल पावर एफपिओको बाँडफाँड नतिजा यहाँ हेर्नुस् !)
Check the link below to see the result at NMB Capital Site:
Check the link below to see all allottees list in excel format:
Check the link below to see/download all allottees list in pdf format:
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