Panchthar Power IPO Allotment Result - All Allotted as per Demand upto 30 Unit Shares!

Panchthar Power Company Ltd. (PPCL) has successfully concluded its initial public offer (IPO) on Thursday afternoon 3:30 PM onwards today, 7th March 2019 (23rd Falgun 2075). The company had floated its IPO issue of 1,750,250 unit shares each at a face value of Rs 100 to the general public, for four working days, starting from Monday 25th February 2019 (13th Falgun 2075) to Thursday 1st March 2019 (17th Falgun 2075) just last week.

According to Sanima Capital Ltd., its issue manager, there were 82,741 applications applying for a total of 3,381,860 unit shares with 1.93 oversubscription, of which 33,565 applying for 10 unit shares have each been allotted full as demand and 11,482 applying for 20 unit shares have also been allotted full as demand, but 37,627 applying for minimum 30 unit shares to maximum 9,620 unit shares have each been allotted 20 unit shares on pro rata basis and each 33,531 of these have been lucky enough to be allotted with an additional 10 unit shares of the remaining 335,310 unit shares through the lottery system, thus leaving none empty handed.

The company had earlier offered 962,500 unit IPO share to the locals of Panchthar district that had been undersubscribed by 787,750 units, and these had also been added to the issue for the general public.

Out of the total issued shares, 16,52,840 unit shares had been allotted to the general public, 87,512 to the mutual fund schemes and 9,898 to the employees of the company.

 Check the link below to read/download the IPO ISSUE OPEN NOTICE:



DOWNLOAD

The paid up capital of the company after the IPO will be Rs 96.25 million. After the issuance of IPO, the promoter shareholders will be holding 80% while the project affected locals will hold 1.82% and the ordinary shareholders will hold 18.18% stake.

 Check the link below to read/download the IPO ISSUE CLOSE NOTICE:




Care Rating Nepal Ltd. had assigned a grading of CARE-NP IPO Grade 4 to this IPO, indicating below average fundamentals.

 Check the link below to read/download the CARE-NP IPO Grading:


Per megawatt cost of the project has been estimated to be Rs 17.45 crore and the total cost of the project has been estimated to be Rs 2.61 arba.

 Check the link below to read/download the OFFER LETTER:




The company has already started the production of electricity through 14.9 MW Hewakhola A project. Hewa Khola Project is based in Panchthar district with a motive to generate electricity to fulfill the need of Taplejung, Panchthar, Ilam and Jhapa district.

 Check the link below to read/download the PROSPECTUS:





Check the link below to read/download the IPO ALLOTMENT RESULT LIST:



Check Your IPO Result Here !

IPO Issuer Company
Full Name
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BOID No.

StockNewsNepal: Thursday 7th March 2019.

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