Mid-Solu Hydropower IPO: 62,117 Applicants Receive 10 Units Each


 

Today, the allocation of IPO shares for Mid-Solu Hydropower Company Limited has been completed in Kathmandu at the office of the issue manager, NIC Asia Capital Limited.

Mid-Solu Hydropower Company had initially offered 6,21,172 IPO shares at a face value of Rs 100 each to the general public. This offering was open from Bhadra 29 to Ashwin 2, 2080.

Out of the total 7,48,400 units available, 10% (74,840 units) were allocated to Nepalese citizens working abroad, 2% (14,968 units) were reserved for the company’s employees, and 5% (37,420 units) were set aside for mutual funds. The remaining 6,21,172 units were designated for the general public, and the IPO application process for these shares has commenced today.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday's Lottery System 1
Business | Market | Economy IPO | FPO

Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday’s Lottery System

The IPO allotment process for Sabottam Cement, a prominent cement company, is set to conclude on Friday. Lucky applicants who successfully secure shares will receive an allotment of 50 units each through a lottery system. This eagerly anticipated event marks a significant step in the company’s public offering, providing an opportunity for investors to become […]

Read More
Lower Erkhuwa Hydropower's IPO Proposal Under SEBON Review for Rs. 28.05 Crores 3
IPO | FPO

Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores

The Initial Public Offering (IPO) proposal of Lower Erkhuwa Hydropower Company Ltd. is currently under review by SEBON (Securities Board of Nepal). The company has submitted a proposal to issue a total of 2,805,750 shares, aiming to raise Rs. 28.05 crores. The application for the IPO was submitted on Falgun 11, 2080. Muktinath Capital Limited […]

Read More
Seed Energy Partners with NMB Capital for Initial Public Offering Management 5
IPO | FPO Business | Market | Economy

Seed Energy Partners with NMB Capital for Initial Public Offering Management

Seed Energy Ltd has finalized an agreement with NMB Capital Limited for the management of its Initial Public Offering (IPO). This development signifies a noteworthy achievement for Seed Energy Ltd as it prepares to introduce its shares to the public. The collaboration with NMB Capital Limited, a renowned entity in issue management, is anticipated to […]

Read More