Asian Hydropower Extended the IPO deadline for General Public till the 3rd Falgun
Asian Hydropower Company Limited is extending the deadline for the issue of 6,97,200 Units of shares to the general public in 2nd phase of the IPO. This IPO Issue has start on 27th Magh 2079.
The deadline for issuing 6,97,200 unit shares with a face value of Rs 100 is extended by Asian Hydropower Ltd till the third Falgun.
After this IPO, the business hopes to raise Rs 6.97 crore. Since the Nepalese government chose to declare Falgun 1 as People’s War Day, a public holiday, the issue, which originally began on the 27th of Magh, has been prolonged till 3rd Falgun 2079.
Short Details about the Vacancy
|Total Number of Share||7,56,000 Units|
|Face Value||Rs. 100|
|For Mutual Fund||42,000 Units|
|For Company’s Employee||16,800 Units|
|For General Public||6,97,200 Units|
|Opening Date||27th of Magh 2079|
|Closing Date||3rd Falgun 2079|
10%, or 84,000, of the total 840,000 units, have already released and allocated to Nepalese residents who are working abroad. 2%, or 16,800 units, have set aside for the company’s workers, while 5%, or 42,000 units.
Of the total offered shares, have set aside for mutual funds. 6,97,200 units are left over for sale to the general public. After the IPO, the company’s paid-up capital will amount to Rs. crores.
The corporation previously distributed 84,0 shares to Nepalese nationals working abroad and 3,40,000 of shares worth Rs. 3.4 crore to locals affected by the project. The promoter stockholders own 65.29% of the company’s shares.
The IPO issue manager is NMB Capital Ltd. A minimum of 10 units and a maximum of 20,000 units can request in an application.
Asian Hydropower Limited has been given the issuer rating of “CARE-NP BB (Is)” by CARE Ratings Nepal Limited (CRNL). Issuers with this grade are thought to have a modest risk of default regarding the timely payment of debts in Nepal.
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