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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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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Madhya Bhotekoshi Hydropower IPO Issue Deadline, Check Eligibility and Sample C-ASBA Form !

IPO:

Madhya Bhotekoshi Hydropower Company (MBKHPL) first phase IPO issue application for for the members registered with Employees Provident Fund (EPF) is reaching its deadline. The issue was open starting from 28th Kartik lasting 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 is issuing a total of 1.44 Crore units to the above mentioned employees. The interested applicants can apply using C-ASBA service by physically attending the bank of demat in person for completing a form in hand with C-ASBA registration number to hold the amount for the number of unit shares applied.

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

Check HERE:

Check the link below to read/download the C-ASBA FORM SAMPLE:

DOWNLOAD LINK