Tag: Allotment

  • Vision Lumbini Urja IPO Allotment: High Demand with Oversubscription of 6.54 Times

    Vision Lumbini Urja IPO Allotment: High Demand with Oversubscription of 6.54 Times


    The Vision Lumbini Urja Company Limited’s Initial Public Offering (IPO) allotment is scheduled for the upcoming Tuesday, the 5th of Mangsir, 2080. The allotment ceremony will take place at the premises of the issue manager, Muktinath Capital Limited, located in Kathmandu.

    Out of the total 2,400,410 units available, a portion has already been designated for specific groups. Specifically, 191,250 units have been allotted to Nepalese citizens working abroad, 95,625 units are earmarked for mutual funds, and 38,250 units are set aside for the company’s employees. The remaining 2,075,285 units are open for subscription by the general public at a par value of Rs. 100.

    As reported by the Central Depository and Clearing Company (CDSC), a substantial response was received, with 1,194,820 applicants applying for a total of 135,761,60 units, amounting to Rs. 1.35 Arba as of the closing day. This indicates an oversubscription of 6.54 times the available units. Consequently, only 207,528 fortunate applicants will be successful in acquiring ownership stakes in the company.

    In terms of credit ratings, ICRA Nepal has reaffirmed Vision Lumbini Urja Company Limited’s long-term rating at [ICRANP] LBB- (pronounced ICRA NP L double B minus) for its long-term loan limits. Additionally, the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) has been reaffirmed for its short-term loan limits.

  • Chirkhwa Hydro Power Limited Successfully Allots IPO Shares to Strong Demand, Achieving Oversubscription

    Chirkhwa Hydro Power Limited Successfully Allots IPO Shares to Strong Demand, Achieving Oversubscription


    The IPO allotment of Chirkhwa Hydro Power Limited has been successfully concluded at the offices of the issue manager, RBB Merchant Banking Limited in Kathmandu.

    Chirkhwa Hydro Power Limited had initially issued 8,59,300 unit IPO shares at a par value of Rs 100 for the general public from the 23rd to the 26th of Ashwin, 2080. Previously, the company had allocated 4,00,000 unit shares, equivalent to 10% of the issued capital, to project-affected locals in the Bhojpur District. However, only 2,04,700 units were allotted to valid applicants, leaving 1,95,300 unsubscribed units. These unsubscribed shares have now been combined with the 8,00,000 units (20% of the issued capital reserved for the general public), resulting in a total of 9,95,300 units available for the general public.

    Out of the 9,95,300 units, 80,000 units were already issued and allotted to Nepalese citizens working abroad, 40,000 units were designated for mutual funds, and 16,000 units were set aside for company employees. The remaining 8,59,300 units were open for the general public.

    The IPO received a remarkable response, with 11,31,936 valid applicants applying for a total of 1,21,36,760 units, oversubscribing the offering by more than 14.12 times. The allotment process involved 85,930 applicants being allocated 10 units each through a lottery system, while the remaining 10,46,006 applicants were not allotted any shares. Additionally, 40,000 units were allotted to mutual funds, and 16,000 units were designated for company employees.

    Notably, a total of 2,381 applicants who had applied for 32,700 units were disqualified. The IPO results are available through various channels, including CDSC IPO Result, MeroShare, and RBB Merchant Banking Limited.

    Chirkhwa Hydropower Limited, established in January 2009, is actively engaged in the development of a 4.7 MW Upper Chirkhwa Khola Hydropower Project in the Bhojpur district, Province-1 of Nepal. This project is categorized as a run-of-the-river (R-o-R) type and is being developed at a 40% probability of exceedance. The project’s budgeted cost is NPR 910 million, with funding in a 60:40 debt-equity ratio. The debt component of NPR 545 million is secured with Rastriya Banijya Bank Limited. The project has achieved approximately 90-95% progress as of mid-January 2023. Furthermore, ICRA Nepal has reaffirmed Chirkhwa Hydropower Limited’s issuer rating at [ICRANP-IR] BB-, signifying a moderate risk of default regarding the timely servicing of financial obligations.

  • Chirkhwa Hydro Power IPO Allotment Sees Overwhelming Demand, 11.14 Times Oversubscribed

    Chirkhwa Hydro Power IPO Allotment Sees Overwhelming Demand, 11.14 Times Oversubscribed


    The initial public offering (IPO) allotment for Chirkhwa Hydro Power Limited is scheduled for this Thursday, falling on the 16th of Kartik, 2080, in accordance with the Nepali calendar. The allotment event will take place at the premises of the issue manager, RBB Merchant Banking Limited, located in Kathmandu, commencing at 1 PM.

    Out of the total offering of 9,95,300 units, 80,000 units have already been assigned to Nepalese citizens working abroad, 40,000 units were specifically reserved for mutual funds, and an additional 16,000 units were set aside for the company’s employees. The remaining 8,59,300 units were made available to the general public at a par value of Rs. 100.

    Data from the Central Depository System and Clearing Limited (CDSC) reveals that 873,180 applicants submitted applications for a combined total of 95,68,430 units, equivalent to a value of Rs. 95.69 Crores, as of the closing day. Consequently, the IPO has been oversubscribed by a remarkable 11.14 times.

    Analyzing the data, it is evident that only 85,930 fortunate applicants will secure ownership of the company.

    ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) for Chirkhwa Hydropower Limited. Companies with this rating are assessed to carry a moderate risk of default when it comes to meeting their financial obligations promptly.

  • Mirmire Laghubitta FPO Allotment Set for Thursday with Overwhelming Demand

    Mirmire Laghubitta FPO Allotment Set for Thursday with Overwhelming Demand


    The FPO (Follow-on Public Offering) allotment for Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) is scheduled for this Thursday, which falls on the 16th of Kartik, 2080, as per the Nepali calendar. The allocation event will take place at the premises of Nepal SBI Merchant Banking Limited in Hattisar, Kathmandu, beginning at 8:30 AM.

    As of the present, the company’s paid-up capital amounts to Rs. 65.33 crores. Within this, 71% of the shares, equivalent to 4,639,019 units, are held by the promoter shareholders, while the remaining 29%, totaling 1,894,810 units, are in the hands of public shareholders. According to the regulations of the Banks and Financial Institutions Act of 2073 and the Nepal Rastra Bank (NRB), a minimum of 30% of the issued capital must be retained by public shareholders. Consequently, the company issued 1,23,816.45 units of FPO shares to the general public. This issuance will bring about a shift in the promoter-public share structure from the existing 71:29 ratio to a 70:30 ratio.

    Based on data from the Central Depository System and Clearing Limited (CDSC), the FPO received approximately 12,12,109 applications, amounting to a total of 1,38,83,730 units of shares applied for until the closing day. Consequently, the FPO was oversubscribed by a staggering 112.13 times in terms of the number of units applied for by ordinary applicants.

    Examining the data, it becomes evident that only 12,381 fortunate applicants will secure ownership of the company.

    CARE Ratings Nepal Limited (CRNL) has assigned a rating of CARE-NP BB- (Is) to Mirmire Laghubitta Bittiya Sanstha Limited. Companies with this rating are deemed to present a moderate risk of default in terms of meeting their financial obligations in Nepal.

  • Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each

    Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each


    The IPO allotment process for Mathillo Mailun Khola Jalvidhyut Limited has been successfully completed at the offices of the issue manager, Sanima Capital Limited in Kathmandu. The company had previously offered 12,84,200 unit IPO shares at a par value of Rs. 100 to the general public during the period from the 18th to the 22nd of Ashwin in the year 2080.

    Prior to this, the company had issued 10,00,000 unit shares to project-affected individuals from Rasuwa and Nuwakot Districts, of which only 990,800 units were allocated to eligible applicants. Consequently, the remaining 9,200 units of unsubscribed shares from project-affected locals were combined with the 15,00,000 units designated for the general public.

    Out of the total 15,09,200 units offered to the public, 1,50,000 units were already issued and assigned to Nepalese citizens working abroad, and 75,000 units were allocated for mutual funds. The remaining 12,84,200 units were earmarked for the general public.

    The IPO offering received an overwhelming response with applications from 11,85,642 valid applicants who collectively applied for a total of 1,28,66,060 units. This level of interest resulted in an oversubscription rate of over 10.01 times. In accordance with the allotment module, 128,420 applicants were selected via lottery and allotted 10 units each, while the remaining 10,57,222 applicants did not receive any shares.

    Furthermore, 75,000 units were allotted to mutual funds, and 4,654 applicants who had applied for 65,220 units were disqualified from receiving any shares.

    The IPO results are accessible through CDSC IPO Result, MeroShare, and Sanima Capital Limited. Additionally, CARE Ratings Nepal Limited (CRNL) has assigned a ‘CARE-NP BB-‘ rating to Mathillo Mailun Khola Jalvidhyut Limited, indicating a moderate risk of default concerning the timely servicing of financial obligations in Nepal.

    Mathillo Mailun Khola Jalvidhyut Limited is a public limited company, established on August 14, 2012. It is promoted by institutional investors, predominantly associated with the Sanima Hydro group, as well as other institutions such as banks and insurance companies. The company’s primary purpose is to establish a 14.3 MW run-of-river Mathillo Mailun Khola Jalvidhyut Project in the BOOT (Build, Own, Operate and Transfer) mechanism, situated in the Rasuwa district of Nepal.

  • Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned

    Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned


    Vision Lumbini Urja Company Limited has completed the allocation of its Initial Public Offering (IPO) shares to project-affected individuals in Kaski District. The distribution took place on Wednesday, 1st Kartik, at the office of Muktinath Capital Limited, the appointed issue manager for the IPO.

    The company’s total issued capital is Rs. 1.91 Arba, out of which 10% or 19,12,500 unit shares valued at Rs. 19.12 Crores were reserved for project-affected locals in Kaski District. An additional 10% of the company’s issued capital, equivalent to 19,12,500 unit shares, will be made available to the general public at a later date. Within this public issue, 10% of the shares, totaling 1,91,250 units, were specifically allocated for Nepalese citizens working abroad, and the subscription period for these shares concluded on 15th Ashwin, 2080.

    In an official notice, the company reported that approximately 14,24,590 units, or 74.48% of the total issued shares, have been allocated to eligible applicants. Consequently, the remaining 4,87,910 units will soon be offered to the general public, in addition to the 19,12,500 units earmarked for public issuance, representing 10% of the company’s issued capital.

    ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, situated in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information provides an overview of the recent developments and financial standing of the company.

  • IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times

    IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times


    The IPO allotment for Mathillo Mailun Khola Jalvidhyut Limited is scheduled for this Friday, specifically on the 3rd of Kartik, 2080. The allotment process will take place at the premises of the issue manager, Sanima Capital, located in Kathmandu.

    Out of the total offering of 15,09,200 units, a portion of 1,50,000 units has been earmarked for Nepalese citizens working abroad, while another 75,000 units have been allocated for mutual funds. The remaining 12,84,200 units are set aside for the general public, with each unit valued at its par value of Rs 100.

    Data from the Central Depository and Clearing Company (CDSC) reveals that a staggering 12,51,183 applicants have applied for a total of 13,901,800 units, amounting to Rs. 1.39 Arba. Consequently, it’s evident that the offering has been significantly oversubscribed by a factor of 10.83 times up until the closing day.

    Analyzing these statistics, it becomes apparent that only 1,28,420 fortunate applicants will be granted ownership of shares in the company.

    CARE Ratings Nepal Limited (CRNL) has bestowed a rating of ‘CARE-NP BB-‘ upon Mathillo Mailun Khola Jalvidhyut Limited. This rating signifies that issuers with this rating are associated with a moderate level of risk regarding their ability to meet financial obligations punctually within the context of Nepal.

  • Sonapur Minerals and Oil Limited IPO Allotment: 10 Units for 10,40,770 Applicants, 8,638 Go Empty-Handed

    Sonapur Minerals and Oil Limited IPO Allotment: 10 Units for 10,40,770 Applicants, 8,638 Go Empty-Handed


    Sonapur Minerals and Oil Limited made an initial offering of 97,32,544 IPO shares with a par value of Rs 100 to the general public from Asoj 14 to Ashwin 18, 2080. Prior to this, the company had issued 15,37,525 shares to locals affected by the project in Dang and Rolpa District, with only 1,34,520 units allocated to valid applicants. As a result, the remaining 14,03,005 units of unsubscribed shares from the project-affected locals have been combined with 1,07,62,675 units (which represents 35% of the issued capital reserved for the general public), resulting in a total of 12,165,680 units now available for the general public.

     

  • Sonapur Minerals and Oil IPO Allotment: 973,254 Applicants to Receive 10 Units Each on Wednesday

    Sonapur Minerals and Oil IPO Allotment: 973,254 Applicants to Receive 10 Units Each on Wednesday


    The IPO allotment for Sonapur Minerals and Oil Limited is scheduled for this Wednesday, which is the 24th of Ashwin, 2080. The allotment event will take place at 9 AM at the offices of the issue manager, NIMB Ace Capital Limited in Kathmandu.

    Out of the total 12,165,680 units available, 10% (1,216,568 units) have been allocated to Nepalese citizens working abroad, while another 608,284 units have been reserved for mutual funds. Additionally, 608,284 units have been set aside for the company’s employees. The remaining 9,732,544 units are for the general public.

     

  • IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin

    IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin


    Vision Lumbini Urja Company Limited has completed its IPO share allocation to foreign Nepalese employees on September 30, 2023. The company has a total issued capital of Rs. 1.91 Arba, with 10% (19,12,500 units) of shares, worth Rs. 19.12 Crores, allocated to project-affected locals of Kaski District. An additional 10% (19,12,500 units) will be offered to the general public later. Out of this public offering, 10% (191,250 units) was designated for Nepalese citizens working abroad from August 19 to September 2, 2023.

    The IPO received a total of 29,822 applications for 7.52 lakh units of shares according to the allotment plan.

     

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

    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.

  • Is IPO allotment totally random??

    Is IPO allotment totally random??


    lagvag 2 years agi maile ra mero vai le ekai din bank account ra demat account open gareko theyau.

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    maile chai halka trading haru siknu paryo vanera secondary market ma buy/sell gari rako hunxu tara vai ko vane tye IPO varne matra ho ra aile portfolio ma IPO allotment vako shares compare garda malai jamma 5 ota company ko IPO allotted vako raixa and mero vai ko ma 11 ota total IPO allotted vako xa.

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