Dolti Power Company is Issuing its 12,71,861 Units of IPO Shares to the General Public from Today
From Today or the 28th Chaitra of 2079, the Company is issuing 12,71,861 unit shares with a face value of Rs 100. After this IPO, the Company hopes to raise Rs 12.71 crore.
The early closure date may be postponed till the 12th of Baisakh, 2080 if the issue still has to be completely subscribed. This issue’s early deadline is on the third day of Baisakh.
Just 141,820 of the 536,486 unit shares worth Rs. 5.36 crores that the company had previously issued to the citizens of Dailekh District who would be harmed by the project were handed to qualified candidates.
Along with the 10,72,972 units (20% of the issued capital is reserved for the general public), the remaining 394,666 units of unsubscribed shares of project-affected localities increase the total number of units that are accessible to the general public to 14,67,638.
107,298 of the total 14,67,638 units have already been released and handed to Nepalese citizens who are working and residing abroad.
Moreover, 68,017 units, or 5% of the total shares offered, and 20,462 units, or 5%, have been set aside for mutual funds. 12,71,861 of the remaining units will be utilized by the general population.
The promoter owners possess 70% of the total number of shares in the firm.
In its first public offering, Dolti Power Corporation would distribute 12,71,861 unit IPO shares from Chaitra 28. (IPO)
NIC Asia Capital Ltd. is the name of the issue manager for the initial public offering. Applications may be submitted for as little as 10 units or as many as 10,000 units.
Dolti Power Company Limited has received an issuer rating of [ICRANP-IR] BB from ICRA Nepal (pronounced ICRA NP issuer rating double B).
For issuers with this grade. There is a moderate risk of default when it comes to the timely payment of financial obligations.
On April 7, 2013, Dolti Power Company Ltd was originally created as a private ltd company. After then, it became a public limited corporation on July 15, 2021.
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