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View on r/NepalStock by 4timesbannedlmao
Tag: Sonapur
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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.
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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.
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Deadline Extended for 97.32 Lakh IPO Shares of Sonapur Minerals and Oil as Issue Garners 1.05 Times Oversubscription
Sonapur Minerals and Oil Limited is extending a golden opportunity for investors by extending the deadline for its IPO shares issuance until the 28th of Ashwin, 2080. This IPO, which initially opened on the 14th of Ashwin, garnered tremendous interest, prompting the company to prolong the offering. Notably, Sonapur Minerals and Oil Limited had already allocated 15,37,525 unit shares to project-affected locals in Dang and Rolpa District, with 1,34,520 units assigned to eligible applicants. With the remaining 14,03,005 units now added to the pool, alongside 1,07,62,675 units (equivalent to 35% of the issued capital) reserved for the general public, a total of 12,165,680 units are up for grabs. This presents an exciting opportunity for potential investors to become part of a promising venture and secure their stake in Sonapur Minerals and Oil Limited.
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Hey guys, I applied for Sonapur IPO for 20 Kitta and on remark it says amount blocked. What does it mean. It’s my first time filling IPO. Do I have to contact bank?
Hey guys, I applied for Sonapur IPO for 20 Kitta and on remark it says amount blocked. What does it mean. It’s my first time filling IPO. Do I have to contact bank?
View on r/NepalStock by Crazy_Possession_692
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“Sonapur Minerals Granted IPO Permission”
Sonapur Minerals and Oil Limited has received approval from Nepal’s Securities Board (SEBON) to conduct its Initial Public Offering (IPO) on Shrawan 17. They will issue 1,23,200 unit shares at a premium price. The shares will be offered at Rs 225 per share to locals and employees, and at Rs 237.58 per share to the general public. NIMB Ace Capital will be the issue manager for the share offering. The company had applied for permission to conduct the IPO on the 4th of Asoj.