Radhi Bidyut Company Limited has allocated its 7,64,550 units Initial Public Offering (IPO) shares worth Rs 76.4 million (Rs. 7.64 crores) today Wednesday morning inside Nabil Investment Banking premises in Naxal, Kathmandu at 9:00 AM. According to Nabil Investment Banking Limited, the issue manager of the IPO, out of 1,64,990 valid applicants, only 71,102 applicants were provided a minimum of 10 unit mandatory shares through the lottery system and one lucky applicant was allotted with 11 unit shares.
Of the total 1,66,317 applications, 1,327 were canceled due to double application, mistakes in Demat account number and application made for more or less than mentioned kitta. Nearly 95,214 applicants were unable to receive the IPO. Also, mutual funds were allotted with 38,228 unit (5%) shares and staffs of the company were allotted with 15,291 unit (2%) shares. The remaining 711,031 units (93%) were issued to the general public.
Radhi had floated IPO of 7,64,550 units shares for 4 days from December 18th Monday till 21st Thursday, 2017 (Paush 3rd till 6th, 2074). The issuance was oversubscribed by 27.69 times. It had floated 4,10,000 units IPO shares to the local people of Lamjung district for about a month from April 18th Tuesday till May 17th Wednesday, 2017 (Baisakh 5th till Jestha 3rd, 2074); however, 149,550 units were not subscribed and were floated to the general public during this issue.
The company operates a 4.40 MW Radhi Small Hydropower Project in Lamjung district that has been generating electricity since June 14th, 2071 and is connected to the national grid. ICRA Nepal assigned an [ICRANP] IPO Grade 3 rating to this IPO, indicating average fundamentals.
Check the link below to download 'IPO ALLOTMENT NOTICE' here:
The authorized capital of the company is Rs. 15 billion (Rs. 1.50 arbas). The paid up capital of the company remains at Rs. 307.5 million (Rs. 30.75 crores). After the IPO issuance for the locals of project affected area and for general public, the paid-up capital of the company will be raised to Rs. 410 million (Rs. 41 crores). The ratio of promoters, affected locals and general shareholders will then be 75:10:15.
The company operates a 4.40 MW Radhi Small Hydropower Project in Lamjung district that has been generating electricity since June 14th, 2071 and is connected to the national grid. ICRA Nepal assigned an [ICRANP] IPO Grade 3 rating to this IPO, indicating average fundamentals.
Check the link below to download 'IPO ALLOTMENT NOTICE' here:
The authorized capital of the company is Rs. 15 billion (Rs. 1.50 arbas). The paid up capital of the company remains at Rs. 307.5 million (Rs. 30.75 crores). After the IPO issuance for the locals of project affected area and for general public, the paid-up capital of the company will be raised to Rs. 410 million (Rs. 41 crores). The ratio of promoters, affected locals and general shareholders will then be 75:10:15.
Check the link below to download 'ISSUE OPEN NOTICE' here:
Check the link below to download 'ISSUE CLOSE NOTICE' here:
Check the link below to see the result at MeroLagani Site:
Check the link below to see the result at ShareSansar Site:
Check the link below to see the result at BizPati Site:
Check the link below to see/download all allottees list in pdf format:
Check the link below to search if your name in the non-allottees list here:
Check the link below to download 'ANNOUNCEMENT NOTICE' here:
ShareUpdateNepal: Wednesday January 17th, 2018
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