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:

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.

Check RESULTS »