Himalaya Urja IPO Allotment Result Concludes for Local Residents !

IPO ALLOTMENT:

Himalaya Urja Bikas Company Limited (HUBCL) initial public offer (IPO) allotment result for locals of project affected areas of Ramechhap and Dolakha districts is successfully completed today. The company floated 9,90,000 unit shares equivalent to 10% of its issued capital of Rs 990 million at the face value of Rs 100 per unit shares in the first phase, starting from 06 Kartik 2075 till 20th Kartik and is oversubscribed by 1.2 times with 7,040 applications for 11,98,970 unit shares from the local residents.

Of the total issuing unit shares, 396,000 (40%) were for the locals of most affected area of Gokulgnaga Rural Municipality ward no 1 and Jiri Municipality ward no 1 and 2, whereas 594,000 (60%) to locals of affected area of Gokulganga Rural Municipality ward no 2, 3, 4 and 5, Jiri Municipality ward no 3, Tamakoshi Rural Municipality ward no 5 and 6 and Manthali Municipality ward no 13.

Check the RESULTS HERE:

Chautari Laghubitta IPO Issue Deadline on Sunday- How is the Company and How Much to Apply ?

IPO:

Chautari Laghubitta Bittiya Sanstha Limited (CHAUTARI) Initial Public Offering (IPO) share issue is reaching its deadline today Sunday 9th December 2018 (23rd Mangsir 2075). The company has been issuing 600,000 unit shares worth Rs 60 million (Rs 6.0 crores) at the face value rate of Rs 100 per unit share, starting immediately from last Wednesday 5th December 2018 (19th Mangsir 2075).

NIBL Ace Capital Ltd. has been appointed as the issue and sales manager of the company. The microfinance company is already oversubscribed by about 22.25 times with an overwhelming public response, attracting over 202,369 applications worth Rs 1.25 billions (Rs 1.25 arabs) demanding 12,479,780 unit shares so far till the third day Friday 7th December 2018 (21st Mangsir 2075).

DETAILS ? Check HERE ! »

Joshi Hydropower Issuing IPO Shares From Today - How is the Company and How Much to Apply ?

IPO

Joshi Hydropower Development Company Limited (JHDCL) is issuing its Initial Public Offering (IPO) of 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 immediately from today Sunday 2nd December 2018 (16th Mangsir 2075). The hydropower company received its approval approval for its IPO issue from Securities Board of Nepal (SEBON) on Thursday 5th November this year 2018 (19th Kartik 2075).

The offering of the shares is open initially only for 4 trading days and will close on as early as this Wednesday 5th December 2018 (19th Mangsir 2075) if all shares are sold, else the closing date is extendible maximum up to Monday 31st December 2018 (16th Paush 2075).

Interested investors must apply for a minimum of 50 unit shares and can apply a maximum of up to 800,000 unit shares. However, it is advisable to apply for only the minimum 50 unit IPO share since mandatory allotment of only 10 units of share will be made to every applicant presumably by lottery system after its oversubscription.

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:

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:

Nepal Seva Laghubitta (NSLBSL) IPO Allotment Concludes, Check Your Result !

IPO RESULTS:

Nepal Seva Laghubitta Bittiya Sanstha Ltd (NSLBSL) has concluded allocation of its initial public offering (IPO) today Sunday 6th May 2018 (23rd Baishakh 2075) at the premises of NMB Capital, its issue manager in Nagpokhari, Naxal, Kathmandu. The microfinance has issued a total of 180,000 unit shares worth Rs 18 million at a face value of Rs 100 starting from Wednesday 25th till Sunday 29th April 2075. Out of the total 208,131 applicants applied for 13,756,990 unit shares, only 16,740 applicants (8%) have been allotted the mandatory 10 unit shares each through the lottery system as per the provisions in Securities Issue and Allotment Guidelines 2074. There are 84,445 applicants applying through Meroshare alone.

There were a total of 548 invalid applicants demanding 43,106 unit shares that were cancelled. Of these, 29 applications were from institutions and were rejected since institutional investors are not allowed to invest in IPO.

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