Tag: Warehousing

  • Nepal Warehousing Company IPO Allotment Records Overwhelming Response and Substantial Oversubscription

    Nepal Warehousing Company IPO Allotment Records Overwhelming Response and Substantial Oversubscription


    The IPO allotment for Nepal Warehousing Company Limited concluded today at the headquarters of the issue manager, Himalayan Capital Limited, located in Kathmandu.

    Nepal Warehousing Company Limited had issued 11,41,250 units of IPO shares at a par value of Rs. 100 to the general public from the 10th to the 13th of Mangsir, 2080. Out of the total 13,75,000 units offered, 10% (1,37,500 units) were allocated to Nepalese citizens working abroad, 2% (27,500 units) were set aside for the company’s employees, and 5% (68,750 units) were designated for mutual funds. The remaining 11,41,250 units were made available for the general public.

    The IPO garnered substantial interest, receiving applications from 11,91,988 valid applicants who collectively applied for 1,26,56,720 units. The oversubscription rate exceeded 11.09 times. In the allotment process, 1,14,125 applicants were allotted 10 units each through a lottery system, while the remaining 10,77,863 applicants did not receive any allotment. Mutual funds were allotted 68,750 units, and 27,500 units were allocated to the company’s employees. However, 3,661 applicants who applied for 48,730 units were disqualified.

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

    ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- to Nepal Warehousing Company Limited, indicating a moderate risk of default concerning the timely servicing of financial obligations.

    Nepal Warehousing Company was established under the Company Act, 2063 of Nepal, with the primary objective of addressing the warehousing needs of farmers, traders, millers, and businessmen involved in grain trade for commercial and industrial purposes. The company aims to mitigate post-harvest losses, maintain product quality, and provide a suitable environment for long-term grain storage. To achieve this, the company has installed high-quality silos with a capacity of 55,000 MT at three different locations in provinces 1, 2, and Lumbini.

  • Nepal Warehousing Company IPO for Foreign Nepalese Immigrants Oversubscribed 5.71 Times, Closing Today

    Nepal Warehousing Company IPO for Foreign Nepalese Immigrants Oversubscribed 5.71 Times, Closing Today


    Nepal Warehousing Company is set to conclude the issuance of its Initial Public Offering (IPO) for Foreign Nepalese Immigrants today, marking the 24th of Kartik as the closing day. The IPO, which opened on the 10th of Kartik, 2080, has a total issued capital of Rs. 68.75 Crores. Of this, 20%, equivalent to 13,75,000 unit shares worth Rs. 13.75 Crores, will be allocated for the general public. Within this public issue, 10% of the shares, totaling 1,37,500 units, have been earmarked for Nepalese citizens working abroad, and the subscription for this segment will close today.

    Out of the 13,75,000 units, 68,750 units (5% of the total) are reserved for mutual funds, and 27,500 units (2% of the total) are designated for the company’s employees. The remaining 11,41,250 units are available for the general public. Himalayan Capital is appointed as the issue manager for the IPO, with a minimum application quantity of 10 units and a maximum of 50,000 units.

    As per the Central Depository and Clearing Company (CDSC), substantial interest has been seen in the IPO, with 32,605 applicants applying for a total of 7,86,220 units. Consequently, the issue has already been oversubscribed by 5.71 times as of 10 AM today.

    ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- to Nepal Warehousing Company Limited. This rating suggests a moderate risk of default regarding the timely servicing of financial obligations for the company.

    Established under the Company Act, 2063 of Nepal, Nepal Warehousing Company aims to address the warehousing needs of farmers, traders, millers, and businessmen involved in grain trade for commercial and industrial purposes. The company seeks to combat post-harvest losses, maintain product quality, and address the challenge of preserving grains in a conducive environment. To achieve this, the company has installed high-quality silos with a capacity of 55,000 MT at three different locations in provinces 1, 2, and Lumbini province.

  • IPO Shares by Nepal Warehousing Company for Nepalese Employed Abroad from Kartik 10

    IPO Shares by Nepal Warehousing Company for Nepalese Employed Abroad from Kartik 10


    Nepal Warehousing Company Limited (NWCL) presents a golden opportunity for Nepalese citizens working abroad with its Initial Public Offering (IPO). The IPO for overseas Nepalese citizens opens from the 10th to the 24th of Kartik, 2080, with no extension beyond the closing date. NWCL’s total issued capital stands at Rs. 68.75 Crores, and 20% of it, equivalent to 13,75,000 unit shares valued at Rs. 13.75 Crores, will be made available to the general public. Specifically, 10% of these shares, totaling 1,37,500 units, have been exclusively reserved for Nepalese citizens working abroad. Don’t miss this chance to invest in NWCL and be part of its exciting growth journey. Secure your shares today!