The result of IPO allotment of sahas urja was published on sunday morning. Only 644000 (six lakh and forty four thousand) applicants got the IPO shares via lottery.
The IPO sold by Sahas urja to the public will be distributed on Friday, Oct 3rd, 2021. According to sales manager NIBL Ace Capital, the IPO is scheduled to be distributed at 8 am on Sunday.
The IPO pre-allotment of microfinance has already taken place on friday, according to Capital.
आइपिओ को नातिजाको लागि यहा क्लिक गर्नु होस
The company has issued 7 million IPOs worth Rs 700 million to the public at a face value of Rs 100 per share since October 20. Out of which 5 percent or 350,000 units have been reserved for collective investment funds and 3 percent or 210,000 units have been reserved for employees. There was an arrangement for the general public to fill the remaining 6.4 million lots by securing collective investment funds and employees.
More than 2.4 million people have applied for the IPO till the last day. According to sales manager NIBL S Capital, as of 5 pm yesterday, more than 2.46 million applicants had applied for 34.3 million lots. This is 5.62 times more applications than demanded.
The general public could apply for a minimum of 10 lots and a maximum of 1 million 50 thousand lots. The company is constructing the 86 MW Solu Khola 'Dudhkoshi' hydropower project in Solukhumbu district.
The total cost of the project is estimated to be Rs. 11.86 billion. The cost per megawatt is estimated to be Rs. 137.9 million. After the primary share issue, the company's paid-up capital will reach Rs 3.5 billion.
According to ICRA Nepal's rating for primary share issue, the company has received an ICRA IR Double B indicating a moderate risk.
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