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View on r/NepalStock by soosheel
Tag: Friday
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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 part of Sabottam Cement’s ownership. The lottery system ensures a fair and unbiased distribution of shares among eligible applicants, contributing to transparency in the IPO allotment process. Stakeholders and potential investors eagerly await the outcome, hoping to be among the fortunate individuals who secure shares in Sabottam Cement through this highly anticipated public offering.
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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.
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If i sell my shares on thursday, edis date till friday or sunday ?
If i sell my shares on thursday, do i have time to edis till friday or sunday ?
The settlement data was shown till sunday. But now my edis is empty. Cant transfer.
UPDATE ::
my meroshare was showing frozen for debit. Just talked with bank and broker. I needed to call capital to renew my dmat (paid via connectips on friday). And also the bank branch sent a DIS check email to capital (Broker told to do so). Now just hoping i wont get a fine.
Finally, my share has been transfered. (after sending DIS cheque mail – around 30minutes)
DIS – Debit Instruction Slip
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View on r/NepalStock by sombii11
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The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.
BPW Laghubitta Bittiya Sanstha Limited’s initial public offering (IPO) will take place this Friday, 3rd Chaitra, 2079. The allotment program will begin at 11 a.m. on the premises of the issue manager, Mega Capital Markets, in Kamalpokhari.
From the 18th to the 23rd Falgun, the company issued 80,950 units of Rs 100 face value shares to the general public as an Initial Public Offering. Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units were made available to the gene