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:

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:

Published Notice for IPO, FPO, Right, Auction, Mutual Funds, etc !

NOTICE:

• Right Share Auction

Check the link below to read/download the RIGHT SHARE AUCTION NOTICE of Swarojgar Laghunitta Bittiya Sanstha Ltd. (SLBBL):

DOWNLOAD LINK

• Initial Public Offering (IPO)

Check the link below to read/download the IPO ALLOTMENT NOTICE of NADEP Laghunitta Bittiya Sanstha Ltd.:

DOWNLOAD LINK

Check the link below to read/download the IPO ISSUE OPEN NOTICE of NADEP Laghunitta Bittiya Sanstha Ltd.:

DOWNLOAD LINK

• Further Public Offering (FPO)

Check the link below to read/download the FPO ISSUE OPEN NOTICE of Nepal Bank Ltd.:

DOWNLOAD LINK

• Right Share

Check the link below to read/download the RIGHT SHARE ISSUE OPEN NOTICE of Everest Insurance Company Ltd.:

DOWNLOAD LINK

Check the link below to read/download the RIGHT SHARE ISSUE OPEN NOTICE of Nagbeli Laghubitta Bittiya Sanstha Ltd.:

DOWNLOAD LINK

Check the link below to read/download the RIGHT SHARE ISSUE OPEN NOTICE of Naya Nepal Laghubitta Bittiya Sanstha Ltd.:

DOWNLOAD LINK

Check the link below to read/download the RIGHT SHARE ISSUE CLOSE NOTICE of Prabhu Insurance Ltd.:

DOWNLOAD LINK

Check the link below to read/download the RIGHT SHARE ISSUE DEADLINE NOTICE of Prabhu Insurance Ltd.:

DOWNLOAD LINK

• Mutual Fund

Check here for Details »

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:

NMB Bank FPO Allotment Concludes, Check Your Result Here !

FPO RESULTS:

The allotment of the Further Public Offering (FPO) of NMB Bank has successfully been concluded today afternoon by Citizen Investment Trust, the issue manager. The allotment was just done in the Head Office premises of NMB Bank, Babarmahal, Kathmandu.

The bank had issued 1,14,15,163 unit shares as FPO to the general public at a price of Rs 333 per unit share.

A total of 69,646 applicants had applied for the FPO while 69,626 were deemed to be valid applicants. Applications were received for a maximum of 2,25,200 unit shares.

Check the RESULTS HERE: