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.

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Shivam Cement IPO Allotment Result - All Valid Applicants Allotted as per Demand Upto 5.220 Unit Shares!

IPO ALLOTMENT:

Shivam Cements Limited (SCL) has successfully concluded its initial public offer (IPO) on Wednesday morning 10:30 AM onwards today, 6th March 2019 (22nd Falgun 2075). The company had floated 2% shares of the its issue capital, that is, 8,80,000 unit shares at a face value of Rs 200 per unit share to the project affected locals and 10%, that is, 44,00,000 unit shares at a face value of Rs 300 per unit shares to the general public, initially for four working days, starting from Monday 18th February 2019 (6th Falgun 2075) to Thursday 21st February 2018 (9th Falgun 2075), and due to undersubscription then extended for additional four working days till 26th February 2019 (14th Falgun 2075) for full subscription just last week.

According to Siddhartha Capital Ltd., its issue manager, there were 51,898 applications from the general public for 5,191,160 unit shares, collecting a total of Rs 1.56 billion with  1.26 oversubscription, while there were 1,898 applications from the local public for 489,900 unit shares with only 89% subscription, leaving 98,334 unit shares that will also be allotted to the general public for its oversubscription. Of the total 1898 local applications for 785,405 unit shares, only 1 application for 100 unit shares was rejected due to error and the remaining 785,305 valid applications were included in the allotment process of which applicants for 50 to 1,300 unit shares were allotted in full as per their demand, while applicants for 1,500 to 10,000 unit shares were allotted 1,350 unit shares each on pro rata basis, thus leaving none empty handed.

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Universal Power IPO Allotment Result - Check HERE How Much You Are Allotted !

IPO ALLOTMENT:

Universal Power Company Limited (UPCL) has successfully concluded its initial public offer (IPO) on Wednesday morning at 10 AM today, 27th February 2019 (15th Falgun 2075). The company had floated its total IPO issues of 93,27,410 unit shares worth of Rs 932 million at the face value of Rs 100 per unit share to the general public initially for four working days, starting from Friday 8th February 2019 (25th Magh 2075) to Tuesday 12th February 2018 (29th Magh 2075) and since due to under subscription later extended for an additional 7 working days upto until full subscription by Wednesday 20th February 2019 (8th Falgun 2075) just last week.

According to Siddhartha Capital Ltd., its issue manager, the IPO was closed after its full subscription by about 1.06 times, attracting 105,159 applications from the public. Of the total applications, 40 applications for 3,160 unit shares were rejected due to errors and the remaining 105,119 valid applications were included in the allotment process of which applicants for 50 to 1,300 unit shares were allotted in full as per their demand, while applicants for 1,500 to 10,000 unit shares were allotted 1,350 unit shares each on pro rata basis, thus leaving none empty handed.

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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:

Unnati Microfinance (UMBSL) IPO Result Out, Check Online if You're Lucky!

IPO RESULT

Unnati Microfinance Bittiya Sanstha Limited (UMBSL) has allocated its 1,65,000 units Initial Public Offering (IPO) shares worth Rs 16.5 million (Rs. 1.65 crores) today Friday morning at 8:30 AM in the office premises of Siddhartha Capital Limited, its issue manager, in Narayanchaur, Naxal, Kathmandu. Out of 2,44,427 valid applicants, only 15,015 (6%) applicants have been allotted with a minimum of 10 unit mandatory shares through the lottery system. The issue totals 1,50,150 unit shares worth of Rs 15 million (Rs 1.50 crores) and collected more than Rs 786.4 millions (Rs 78.64 crores). Likewise, 101 staffs of the microfinance company were allotted 6,600 units and 12 mutual fund schemes were allotted 8,250 units shares.

Of the total 2,46,894 applications, there were 2,467 applicants that were canceled due to various mistakes in double applications, Demat account numbers and more or less than the mentioned kittas. Given that the IPO was oversubscribed by 52.38 times, a total of 2,29,412 (94%) eligible applicants were left empty handed. The IPO was issued for four banking days about a month ago from Friday 5th January 2018 till Tuesday 9th January 2018 (21 to 25 Paush 2074) at the par value of Rs 100.

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Siddhartha Investment Growth Scheme-1 (SIGS1) Auction Shares and The Latest Auction Trend

With the expiry of the mutual fund dated 24th December 2017, Siddhartha Investment Growth Scheme-1 (SIGS1) has to clear all his stocks. Recently, they came up with an auction of 24 companies starting from 10th January 2018 to 16th January 2018.

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Siddhartha Investment Growth Scheme-1 (SIGS1) Auction Shares and The Latest Auction Trend