Nepal Agro Laghubitta IPO Allotment Result - Only 4.8% Applicants Allotted 10 Share Units !

IPO ALLOTMENT:

Nepal Agro Laghubitta Bittiya Sanstha Ltd (NALBSL) has successfully concluded its initial public offering (IPO) on Tuesday morning after 09:00 AM today, 30th April 2019 (17th Baishakh 2076) in the premises of Nepal SBI Merchant Banking Ltd., its issue manager. The microfinance company had floated 161,778 unit ordinary shares worth Rs 16.18 million (Rs 1.618 crores) at a face value of Rs 100 each to the general public, for four working days, starting from Sunday 21th April 2019 (8th Baishakh 2076) to Wednesday 24th April 2019 (11th Baishakh 2076) just a week ago last month.

The issue had received 315,630 applications for 6,402,330 unit shares with an overwhelming 42.24 times oversubscription, of which 705 applications for 14,200 unit shares were invalid due to errors and of the remaining 314,925 valid applications for 6,388,925 unit shares, only 15,120 (4.8%) lucky ones were allotted 10 unit shares each by lottery on pro rata basis, thus leaving a larger of 299,805 (95.2%) applications empty handed.

Check the DETAILS HERE:

Himalaya Urja IPO Allotment Result - 66,950 Lucky Applicants Allotted Maximum 20 Unit Shares Each !

IPO ALLOTMENT:

Himalaya Urja Bikas Company Ltd. (HUBCL) has successfully concluded its initial public offering (IPO) on Tuesday afternoon at 1:00 PM today, 16th April 2019 (3rd Baishakh 2076) in Indreni Banquet, New Baneshwor, Kathmandu. The company had floated 1,485,000 unit shares worth Rs 148.5 million (Rs 14.85 lakhs) at a face value of Rs 100 each to the general public, for four working days, starting from Wednesday 3rd April 2019 (20th Chaitra 2075) to Monday 8th April 2019 (25th April 2075) just over a week ago.

According to Nabil Investment Banking Ltd., its issue manager, the issue had received 69,708 applications for 4,895,850 total unit shares with 3.58 times oversubscription, of which 38 applications for 2,800 unit shares were deemed invalid due to errors and of the remaining 69,670 valid applications for 48,93,050 unit shares, all were allotted 10 mandatory unit shares each initially and the remaining unit shares were then allotted again to 66,950 lucky applicants through lottery system an additional 10 unit shares each, on pro rata basis so that 66,950 (96.1%) of the valid applicants have been lucky enough to be allotted with a maximum of 20 unit shares and 2,720 (3.9%) with a minimum of 10 only, thus leaving none empty handed.

Check the DETAILS HERE:

Trishuli IPO Allotment Result - 50,267 Lucky Applicants Allotted Maximum 30 Unit Shares Each !

IPO ALLOTMENT:

Trishuli Jal Vidhyut Company Ltd. (TJVCL) has successfully concluded its initial public offering (IPO) on Thursday morning at 1:00 PM today, 28th March 2019 (14th Chaitra 2075) in the presence of honorable minister Mr. Barsha Man Pun in the meeting hall of his Ministry of Energy, Water Resources and Immigration, Singha Durbar, Kathmandu. The company had floated 3,705,000 unit ordinary shares worth Rs 370.5 million (Rs 37.05 crores) at a face value of Rs 100 each with an initial call amount Rs. 10 to the general public, for four working days, starting from Thursday 21st March 2019 (7th Chaitra 2075) till its early closing date Monday 25th March 2019 (11th Chaitra 2075) just this week.

As per its issue manager Global IME Capital Ltd., the issue had received 154,624 applications for 64,552,900 unit shares worth Rs 645.529 million (Rs 64.55 crores) with 18.61 times oversubscription, of which 67 applications were invalid due to errors and of the remaining 154,559 valid applications, all were allotted a minimum 20 unit shares each while only 50,267 lucky ones were allotted an additional 10 unit shares each by lottery on pro rata basis, thus 50,267 applicants allotted with a net maximum 30 unit shares each and 104,292 applicants a net minimum 20 unit shares each.

Check the DETAILS HERE:

Sparsha Laghubitta IPO Allotment Result - Only 8.23% Applicants Allotted 10 Share Units !

IPO ALLOTMENT:

Sparsha Laghubitta Bittiya Sanstha Ltd. (SPARSHA) has successfully concluded its initial public offering (IPO) on Sunday morning at 10:00 AM today, 24th March 2019 (10th Chaitra 2075) in the premises of Sanima Capital Ltd., its issue manager. The microfinance company had floated 269,630 unit ordinary shares worth Rs 26.963 million (Rs 2.6963 crores) at a face value of Rs 100 each to the general public, for four working days, starting from Sunday 10th March 2019 (26th Falgun 2075) to Wednesday 13th March 2019 (29th Falgun 2075) two weeks ago.

The issue had received 298,938 applications for 8,138,440 unit shares with an overwhelming 30.2 times oversubscription, of which 585 applications for 15,500 unit shares were invalid due to errors and of the remaining 298,353 valid applications for 8,122,940 unit shares, only 25,200 (8.45%) lucky ones were allotted 10 unit shares each by lottery on pro rata basis, thus leaving a larger of 273,153 (91.55%) applications empty handed.

Check the DETAILS HERE:

Mountain Hydro IPO Allotment Result - 47% Applicants Allotted Upto 40 Share Units !

IPO ALLOTMENT:

Mountain Hydro Nepal Ltd. (MHNL) has successfully concluded its initial public offering (IPO) on Sunday morning at 10:00 AM today, 17th March 2019 (3rd Chaitra 2075) in the head office at Naxal, Kathmandu. The company had floated 1,816,110 unit shares (including 566, 110 unit shares unsubscribed by the locals) worth Rs 181.611 million (Rs 18.1611 lakhs) at a face value of Rs 100 each to the general public, for four working days, starting from Thursday 7th March 2019 (23rd Falgun 2075) to Tuesday 12th March 2019 (28th Falgun 2075) just over a week ago.

According to Siddhartha Capital Ltd., its issue manager, the issue had received 50,954 applications for 3,394,810 unit shares with 1.92 times oversubscription, of which 16 applications for 1,540 unit shares were invalid due to errors and of the remaining 50,938 valid applicants, 26,973 applications (52.95%) were allotted 30 unit shares each and the other 9,58,600 applications were allotted 40 unit shares each on pro rata basis so that 23,965 (47.05%) of these applications have been lucky enough to be allotted with an additional 10 unit through the lottery system, thus leaving none empty handed.

Check the DETAILS HERE:

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

IPO ALLOTMENT:

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.

Check the DETAILS HERE:

Shivam Cement IPO Allotment Result - All Valid Applicants Allotted as per Demand Upto 5.220 Unit Shares!

IPO ALLOTMENT:

Shivam Cements Limited (SCL) has successfully concluded its initial public offer (IPO) on Wednesday morning 10:30 AM onwards today, 6th March 2019 (22nd Falgun 2075). The company had floated 2% shares of the its issue capital, that is, 8,80,000 unit shares at a face value of Rs 200 per unit share to the project affected locals and 10%, that is, 44,00,000 unit shares at a face value of Rs 300 per unit shares to the general public, initially for four working days, starting from Monday 18th February 2019 (6th Falgun 2075) to Thursday 21st February 2018 (9th Falgun 2075), and due to undersubscription then extended for additional four working days till 26th February 2019 (14th Falgun 2075) for full subscription just last week.

According to Siddhartha Capital Ltd., its issue manager, there were 51,898 applications from the general public for 5,191,160 unit shares, collecting a total of Rs 1.56 billion with  1.26 oversubscription, while there were 1,898 applications from the local public for 489,900 unit shares with only 89% subscription, leaving 98,334 unit shares that will also be allotted to the general public for its oversubscription. Of the total 1898 local applications for 785,405 unit shares, only 1 application for 100 unit shares was rejected due to error and the remaining 785,305 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:

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:

Citizen Bank (CZBIL) FPO Allotment Concludes, Check Your Result Here !

FPO RESULTS:

The allotment of the Further Public Offering (FPO) of Citizen Bank International Ltd. (CZBIL) was successfully concluded yesterday Friday morning 10th August 2018 (25 Shrawan 2075) by Global IME Capital Ltd., its issue manager. The allotment was held amidst a program organized at Global IME Capital Office in Jamal, Kathmandu at 9:00 AM.

Out of the total 62,709 valid applicants, exactly 46,382 (74%) were decided through lottery and each of 46,376 lucky ones got a mandatory 10 unit shares as per the SEBON directive and each of the rest 6 more super lucky ones received 11 unit shares, while the remaining 16,327 (26%) were unfortunately left empty-handed.

Check the RESULTS HERE:

Panchakanya Mai IPO Allotment Concludes, Check Your Result Here !

IPO RESULTS:

The allotment of the Initial Public Offering (IPO) of Panchakanya Mai Hydropower Ltd. (PMHL) has successfully been concluded today Friday morning 27th July 2018 (11 Shrawan 2075) by Sunrise Capital Ltd., its issue manager. The allotment was held amidst a program organized at Sunrise Capital premises in Kamalpokhari, Kathmandu at 10:00 AM.

Out of the total 1,46,389 valid general applicants, exactly 1,00,100 (68.38%) were decided through lottery and each lucky one was allotted a mandatory 10 unit shares as per the SEBON directive while the remaining 46,289 (31.62%) were unfortunately left empty-handed.

Check the RESULTS HERE:

Panchakanya Mai Hydropower IPO Allotment, 68% Applicants with 10 Units Lottery !

IPO ALLOTMENT:

The allotment of the Initial Public Offering (IPO) of Panchakanya Mai Hydropower Ltd. (PMHL) will soon be concluded by this Friday 27th July 2018 (11 Shrawan 2075) by Sunrise Capital Ltd., its issue manager. Nearly 68% of the total applicants verified will be allotted with a minimum 10 unit shares of its IPO by the lottery system.

The company had issued 11,00,000 unit shares at a face value of Rs 100 per unit share for 4 days just last week starting from Monday 17th July 2018 (1st Shrawan 2075) till Friday 20th July 2018 (4th Shrawan 2075). Of the total unit shares, 44,000 (4%) units were set aside for employees whereas another 55,000 (5%) units were set aside for mutual funds. Thus, the remaining 10,01,000 (91%) units were available for the general public.

The company has collected over Rs 1.84 arba from nearly 1.50 lakh applicants and IPO is oversubscribed by nearly 18.4 times. As per the directory published by Securities Board of Nepal (SEBON), the rule of "10 units for applicants" prevails in the allotment and a total of 1,00,100 (68.38%) lucky applicants will be allotted at the rate of 10 unit shares, provided each valid applicant is allotted a minimum of 10 unit mandatory shares through the lottery system and the remaining 46,289 (31.62%) applicants will unfortunately be empty handed.

The company had earlier issued Initial Public Offering (IPO) shares of 11,00,000 units shares worth Rs 11 crore at par value of Rs 100 per unit to the project affected local residents of Sandakpur Rural Municipality and Ilam Municipality last year. It has generated 9.98 MW electricity from its project area - Mabu, Maimjhuwa and Sulubung VDC of Illam district. In addition, the company’s 6.1 MW Upper Mai (Cascade) Hydropower Project is in final stage of construction. 

With this IPO issue, its paid-up capital will hike to Rs 1.10 arba and the promoter's holding will dilute to 80%. Its 10% shares have already been issue to locals of the project area and other 10% are soon to be allotted to the general public.

ICRA Nepal has assigned Grade 4 rating to the upcoming IPO issue indicating below average fundamentals.

Check the RESULTS HERE: