Butwal Power (BPCL) FPO Allotment Concludes, Check Your Result !

FPO ALLOTMENT

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.

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BPCL FPO Issue Close Notice - Only 2 Days Left!

Butwal Power Company Limited (BPCL) is closing 40,81,000 units shares worth Rs 2.04 arba as part of its Further Public Offering (FPO) on Falgun 15, 2074. The FPO is being issued at Rs 501 per unit (Rs 401 premium added to the par value of Rs 100).

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The FPO applications was open from Magh 15, 2074.

As per the last data received from NMB Capital, around 1.38 arba from 83,000 applicants has been collected. Around 32% of the total issue are still unsubscribed.

Interested people must apply for a minimum of 10 units of shares and they can apply for up to 20,400 units shares.

NMB Capital Limited is the issue manager for the FPO and Laxmi Capital is the co-issue manager.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

After the FPO, its paid up capital will reach Rs 2.21 arba and its reserve will grow by Rs 1.50 arba.

BPCL aims to use the amount collected from the FPO to develop 37.6 MW Kabeli-A Hydropower Project and 30 MW Ngadi Hydropower project. BPCL has 54% stake in Kabeli Energy Limited and 97% stake in Ngadi Hydropower Project.

It had earned net profit of Rs 59.92 crore in the second quarter of the FY 2074/75.

Its LTP stood at Rs 545 as of last trading day.

See the list of ASBA member BFIs

Click here to see offer letter

The debate on the FPO issuance of Butwal Power Company and its current market trend! Know more about BPCL!

Source: ShareSansar, February 25, 2018

Premier Insurance (PIC) FPO Result Out, Check Online if You're Lucky!

Premier Insurance Company Nepal Limited (PIC) has allocated its 6,59,565 units Further Public Offering (FPO) shares worth Rs 526.9 million (Rs. 52.69 crores) today Thursday morning  at 9:00 AM in the premises of the insurance company's head office in Naxal, Kathmandu. According to NMB Capital Limited, the issue manager of the FPO, out of 1,86,475 valid applicants, only 65,951 applicants have been allotted with a minimum of 10 unit mandatory shares through the lottery system and 5 lucky applicants have been allotted with 11 unit shares.

Of the total 1,89,321 applications, there were 2,846 applicants that were canceled due to double applications, mistakes in Demat account numbers and applications made for more or less than mentioned kittas. Nearly 123,370 applicants were unable to receive the FPO. The FPO was issued about a month ago from Sunday 31st December 2017 to Wednesday 3rd January 2018 (16 to 19 Paush 2074) at Rs 799 per unit including Rs 699 premium added to the par value of Rs 100.

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How Much Units Ideal for Investing in BPCL’s upcoming FPO Opening from Monday!

BPCL FPO

Butwal Power Company Ltd., (BPCL)’s upcoming Further Public Offering (FPO) on Monday January 29th 2018 (Magh 15, 2074) has become the talk among the investing pioneers in Nepalese stock market. The company is issuing 40, 81,000 units share worth Rs 2.04 arba as FPO which will close on Friday February 19th 2018 (Magh 19, 2074). The 501 (per unit) rupees priced FPO (Rs 401 premium added to the par value of Rs 100) whose issue manager is NMB Capital Ltd. has been a major interest to most of the market players in the stock market. However, the question arises what is the optimum unit of shares to be applied by investors? Although BPCL has stated 10 units of shares as the minimum share units and 20,400 units as the maximum share units to be applied but is 10 units the optimum quantity for the upcoming FPO?

Given that the hydropower company has been floating 40,81,000 units share which is comparatively large in volume, therefore, it is likely that the number of applicants will also be high for the FPO. If we analyze the trend of past months of IPO/FPO issuance, we can draw that the applicants will be in the range of 1.5 lakhs to 2 lakhs for the upcoming FPO. For instance, several IPO/FPO issuances of companies such as Unnati Microfinance Bittiya Sanstha Limited (UNNATI), Radhi Bidhut Company Limited (RADHIB), Support Microfinance (SUPPORT), Nepal Hydro Developer Limited (NHDL), Himalayan Power Partner Limited (HPPL), Premier Insurance Company Limited (PIC) and Nepal Grameen Bikas Bank Limited (NGBBL) had total number of applicants above 1 lakh 50 thousand and below 3 lakhs. The details of which are attached below:

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