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.

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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.

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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.

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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.

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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.

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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.

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Joshi Hydropower IPO Allotment Result - Confirm How Much You Got ?

IPO ALLOTMENT:

Joshi Hydropower Development Company Limited (JHDCL) has successfully concluded its allotment of initial public offer (IPO) to the general public today morning, Tuesday 11th December 2018 (25th Mangsir 2075) by Siddhartha Capital Ltd., its issue manager. The allotment was held amidst a program organized at Siddhartha Capital premises in Narayanchaur, Naxal, Kathmandu at around 10:30 AM. The company had floated 16,90,470 unit shares worth more than Rs 169 million (Rs 16.90 crores) at the face value rate of Rs 100 per unit share, starting from last Sunday 2nd December 2018 (16th Mangsir 2075).

According to the issue manager, the IPO was oversubscribed by 3.7 times with a total of 83,770 applications of which 34 applying for 10,630 unit shares were disqualified due to errors. As per the SEBON directive, all the 83,736 valid applications were initially each allotted a minimum of 10 unit shares, while 76,112 of these applications were each lucky enough to be allotted with additional remaining 10 unit shares through the lottery system.

The hydropower company had set aside 50,714 unit shares (3%) for its employees and 84,523 unit shares (5%) for the existing mutual fund companies. The company floated the remaining 15,55,233 units shares (92%) to the general public alone. The provision of application for the interested public investors was a minimum of 50 and maximum of 800,000 unit shares.

After the issuance of this IPO, its paid up capital will reach Rs 371.4 million (Rs 37.14 crores).

Earlier, the company had issued 3,71,400 unit shares for the locals of affected area of Ilam municipality where 2,42,010 unit shares were unsubscribed that have also been included in this issue.

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Upper Tamakoshi IPO Allotment Tuesday, 40 Unit Shares Confirm!

IPO:

The allotment of the Initial Public Offering (IPO) of Nepal’s much hyped dream hydropower project ‘Upper Tamakoshi Hydropower Project’ was finally concluded today Tuesday afternoon 27th November 2018 (11 Mangsir 2075) by Sunrise Capital Ltd., its issue manager. The allotment was held at 3:00 PM amidst a program organized at Crystal Banquet, Babarmahal, Kathmandu. According to the issue manager, Sunrise Capital Ltd., the issue has been able to attract the most number of applicants in the history of Nepalese stock market. A total of 3,39,775 applicants had applied for 1,50,90,750 unit shares of the company with the the total demand of 4,46,18,843 unit shares with the final worth of over Rs 6.70 billion. The issue was thus oversubscribed by 4.46 times. 

Of the total applications, 5,700 have been disqualified due to double application. All the 3,34,075 valid applications were initially each allotted a minimum of 40 unit shares, while 1,72,775 of these applications were each lucky enough to receive additional remaining 10 unit shares through the lottery system.

Citizen Investment Trust (CIT) and Sunrise Capital Ltd. have been appointed as the issue managers for the IPO issuance. The hydropower company had floated 15,885,000 unit total shares for the general public, i.e., 15% of their paid up capital.

Check the link below to read/download the ALLOTMENT MODULE and RESULTS:

Check HERE for DETAILS:

Samudayik Laghubitta IPO Allotment Today, Only 27,310 Applicants with 10 Units Lottery !

IPO ALLOTMENT:

Samudayik Laghubitta Bittiya Sanstha Ltd. (SLBSL) is concluding its initial public offer (IPO) today. The company has opened its pending IPO issue starting from November 18 till 21. The company issued 300,000 unit shares worth Rs 30 million.

Out of the 300,000 unit shares, the company has allocated 12,000 unit shares to its employees and 15,000 unit shares to the mutual funds. The remaining 273,000 unit shares were open to general public.

The provision of application for the interested public investors was a minimum of 50 and maximum of 1,500 unit shares. Nepal SBI Merchant Banking Ltd. (NBMBL) is the issue manager of the company. The issue will close early on November 24 and lately on December 17.

Currently, the company has a paid-up capital of Rs 70 million. It will reach Rs 100 million after the IPO. Its capital structure will be maintained at 70:30 of promoter and general shareholders.

Earlier, Samudayik Laghubitta was supposed to issue the IPO from January 23, however, Securities Board of Nepal (SEBON) under the direction of Nepal Rastra Bank (NRB) postponed the IPO following the revelation of lack of corporate governance within the company and presenting fake financial indicators in its financial reports.

Check the RESULTS HERE:

Madhya Bhotekoshi Hydropower IPO Issue Opens Today, Check Your Eligibility !

IPO:

Madhya Bhotekoshi Hydropower Company (MBKHPL) IPO is floated from today. The first phase of the issue will be only for the members registered with Employees Provident Fund (EPF). The issue will last till 14th Mangsir, 2075. Members registered under EPF can apply for a minimum of 50 units and maximum of 500 units.

In the second phase of the issue, employees of the Promoter shareholding companies, employees of the lending institute and employees of EPF can apply for a stake in the hydropower project. The second phase of the issue will start from 19th Mangsir, 2075 and last till 26th Mangsir, 2075. 27 Lakh units of IPO will be available in the second phase of the issue. Employees of the promoter Shareholding Company and lending institute can apply for minimum 50 units and maximum 500 units while employees of EPF can apply for minimum of 50 units and maximum 1200 units.

Global IME Capital has been appointed as the issue manager while NIBL Ace Capital, Prabhu Capital, Laxmi Capital, Sanima Capital, Civil Capital and CBIL Capital have be appointed as other co-issue managers.

The authorized capital of the company is Rs. 6.21 Arba while the issued capital is Rs.6 arba. After the completion of the issue, promoter shareholder will be holding 51% stake (3.06 Crore units) in the company, employees registered with EPF will hold 19.5% (1.17 Crore units), employees of promoter shareholding companies will hold 3.5% stake (21 Lakh units) and employees of the lending institute will hold 1% (6 Lakh units).

The hydropower company will be issuing a total of 1.44 Crore units to the above mentioned employees. The interested applicants can apply using C-ASBA service.

Check the links below to ensure your Application Eligibility and Other Details:

Check HERE:

Rasuwagadhi and Sanjen IPO Allotments Concluded Today Sunday Afternoon !

IPO RESULTS

The issue managers of Rasuwagadhi Hydropower and Sanjen Hydropower are allocating recently issued initial public offering (IPO) of both companies on Sunday afternoon.

The companies issued IPO to depositors of Employees Provident Fund (EPF) from February 23 to March 14 and to employees of promoter companies (Nepal Electricity Authority, Chilime Hydropower Company and employees of local bodies of Rasuwa District) and employees of lending institution (Employees Provident Fund) from March 19 to 27.

Rasuwagadhi Hydropower

In the first stage, Rasuwagadhi Hydropower issued 13,342,095 units of IPO to depositors of EPF. The issue was oversubscribed to 67.5 million units of shares worth Rs 6.75 billion from more than 200,000 applicants.

Similarly, in the second stage, the hydropower issued 2,394,735 to employees of promoter companies and 684,210 to employees of EPF. A total of 8,986 Employees of promoter companies have applied for 4,393,730 units of shares worth Rs 439.3 million while 585 employees of EPF have applied for 738,850 units of shares worth Rs 73.8 million.

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