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:

Ghalemdi Hydro IPO Allotment Result: Check How Much You Got !

IPO ALLOTMENT:

Ghalemdi Hydro Limited has successfully concluded its initial public offer (IPO). According to its issue manager, Vibor Capital Limited, out of the total valid applicants 80.44% have received 30 units while only 19.56% have received 20 unit shares. The hydro company had issued 15,33,770 units for the general public which includes 4,55,770 unsubscribed units from the issuance made to locals. The issue was made from Poush 19th to Poush 23rd, 2075.

None of the mutual fund had applied for this share. Whereas, 13 employees were allotted with 22,000 units or worth Rs 22 lakhs. 54,718 total applications were received for the issue out of which 26 applications were deemed invalid. The valid applicants had applied for 39,03,070 units.

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:

Chautari Laghubitta IPO Allotment Results - Only 56,070 Lucky Applicants Allotted 10 Units !

IPO ALLOTMENT:

Chautari Laghubitta Bittiya Sanstha Limited (CHAUTARI) has successfully concluded its initial public offer (IPO) today at noon, Friday 14th December 2018 (28th Mangsir 2075). The company had floated its IPO issues of 0.6 million unit shares worth of Rs 60 million at the face value of Rs 100 per unit share to the general public for four days, starting from Wednesday 5th December 2018 (2nd Mangsir 2075) lasting till Sunday 9th December 2018 (23rd Mangsir 2075) just early this week.

According to NIBL Ace Capital Ltd., its issue manager, the IPO has been oversubscribed by about 30.59 times with an overwhelming public response, attracting over 273,192 applications worth Rs 1.71 billions (Rs 1.71 arabs) demanding 1.71 million unit shares till the final day of the issue. Of the total applications, 475 rejected due to errors and only 56,070 lucky applicants are allocated the mandatory 10 unit shares through the lottery system, leaving the remaining a larger number of more than 2,17,122 applicants empty handed.

Of the total 600,000 unit shares, the company has set aside 9,300 unit shares (0.5%) for its employees and 30,000 unit shares (5%) for the existing mutual fund companies.

DOWNLOAD LINK

The company is floating the remaining 5,60,700 unit shares (94.5%) to the general public alone. The provision of application for the interested public investors was a minimum of 50 and a maximum of 3,000 unit shares.

The company has a current paid-up capital of Rs 126 million (Rs 12.6 crores) that has been raised from its promoters. After the issuance of this IPO, Rs 60 million (Rs 6.0 crores) will be added to reach Rs 186 million ( Rs 18.6 crores). In its first quarter (Q1) of the current fiscal year 2075/76, the microfinance has earned a net profit of Rs 3.74 million (Rs 37.48 lakhs) with Rs 12.6 million (Rs 1.26 crores) in its reserve and bad debt ratio of 0.43%.

Check the RESULTS HERE:

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.

Check the RESULTS HERE: