Tag: Krishi

  • Muktinath Krishi Company IPO Allotment Concludes with Overwhelming Response and Significant Oversubscription

    Muktinath Krishi Company IPO Allotment Concludes with Overwhelming Response and Significant Oversubscription


    The IPO allotment of Muktinath Krishi Company Limited was successfully concluded today at the headquarters of the issue manager, NIMB Ace Capital Limited, located in Kathmandu.

    Muktinath Krishi Company Limited had offered 11,48,000 units of IPO shares at a par value of Rs. 100 to the general public from the 8th to the 12th of Mangsir, 2080. Out of the total 14,00,000 units, 10% (1,40,000 units) were allocated to Nepalese citizens working abroad, 3% (42,000 units) were reserved for the company’s employees, and 5% (70,000 units) were set aside for mutual funds. The remaining 11,48,000 units were made available for the general public.

    The IPO garnered significant interest, receiving applications from 12,74,567 valid applicants who collectively applied for 1,36,04,910 units. The oversubscription rate exceeded 11.85 times. In the allotment process, 1,14,800 applicants were allotted 10 units each through a lottery system, while the remaining 11,59,767 applicants did not receive any allotment. Mutual funds were allotted 70,000 units, and 42,000 units were allocated to the company’s employees. However, 4,300 applicants who applied for 59,880 units were disqualified.

    The IPO result can be accessed through platforms such as CDSC IPO Result, MeroShare, and NIMB Ace Capital Limited.

    ICRA Nepal has reaffirmed Muktinath Krishi Company Limited’s issuer rating at [ICRANP-IR] BB-, indicating a moderate risk of default regarding the timely servicing of financial obligations. Muktinath Krishi Company is affiliated with Muktinath Bikash Bank, established in 2075 as the first public agricultural company. The company aims to play a managerial role in the agricultural value chain, contributing to Nepal’s agricultural economy through campaigns like “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath.” The company operates in over 70 districts, maintaining more than 200 distribution channels and Agricultural Resource Centers.

  • IPO Allotment Details for Muktinath Krishi Company Limited: Oversubscribed Offering and Issuer Rating

    IPO Allotment Details for Muktinath Krishi Company Limited: Oversubscribed Offering and Issuer Rating


    The IPO allotment for Muktinath Krishi Company Limited is scheduled for this Tuesday, on the 19th of Mangsir, 2080. The allotment event will be conducted at the premises of the issue manager, NIMB Ace Capital Limited, located in Kathmandu.

    Out of the total 14 lakh units offered, 10% (1,40,000 units) has already been assigned to Nepalese citizens working abroad. Additionally, 3% (42,000 units) was reserved for the company’s employees, and 5% of the total offered shares (70,000 units) were allocated to mutual funds. The remaining 11,48,000 units were made available to the general public at a par value of Rs. 100.

    According to the Central Depository and Clearing Company (CDSC), a substantial 10,57,828 applicants applied for a total of 1,15,23,150 units, equivalent to Rs. 1.15 Arba, by the closing day. This indicates an oversubscription rate of 10.03 times the offering.

    Analyzing the data, it becomes evident that only 1,14,800 fortunate applicants will be granted ownership of the company. ICRA Nepal has reaffirmed the issuer rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). This rating suggests that issuers with this designation are deemed to carry a moderate risk of default in terms of fulfilling their financial obligations in a timely manner.

  • Muktinath Krishi Company’s Foreign Nepalese Immigrants IPO Sees Significant Oversubscription, Closing Today

    Muktinath Krishi Company’s Foreign Nepalese Immigrants IPO Sees Significant Oversubscription, Closing Today


    Muktinath Krishi Company Limited is concluding the issuance of its Initial Public Offering (IPO) for Foreign Nepalese Immigrants today, marking the 24th of Kartik as the closing date. The IPO was initiated on the 10th of Kartik, 2080.

    With an issued capital of Rs. 70 Crores, the company plans to issue 14,00,000 unit shares worth Rs. 14 Crores to the general public, constituting 20% of the total capital. Specifically, 10% of these shares, totaling 140,000 units, have been earmarked for Nepalese citizens working abroad, and the application period for this segment is set to close today.

    NIMB Ace Capital serves as the appointed issue manager for this IPO. Interested applicants can apply for a minimum of 10 units and a maximum of 1,000 units. According to information from the Central Depository and Clearing Company (CDSC), the IPO has garnered substantial interest, with 32,883 applicants applying for a total of 7,70,900 units. Consequently, the issue has been oversubscribed by 5.50 times as of now.

    ICRA Nepal has reaffirmed the issuer rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). This rating implies a moderate risk of default regarding the timely servicing of financial obligations for the company.

    Muktinath Krishi Company is closely associated with Muktinath Bikash Bank, being the first public agricultural company established in 2075. The company’s mission is to play a managerial role in the agricultural value chain through campaigns such as “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath,” aiming to enhance Nepal’s agricultural economy. Operating across more than 70 districts, with over 200 distribution channels and Agricultural Resource Centers, the company provides goods and services to support agricultural development nationwide.