Eastern Hydropower IPO result: This Thursday, Kartik 17, 2079, will see Eastern Hydropower Limited’s (EHL) IPO allocation. Starting that day at 9 am. The allocation program will take place on the grounds of the issue manager NMB Capital. From Ashwin 28 to Kartik 02, 2079, the business distributed 6,70,310 units of ordinary shares valued at Rs 6.7 crore. In its initial public offering (IPO). After the IPO, the company’s paid-up capital will amount to Rs. 62 crores. Only 62,519 lucky applicants would receive ownership of the company, according to the issue manager, who estimates that 1,48,47,550 legitimate units should receive as of the last day.
Before that, the company gave 6,20,000 unit IPO shares, or 10% of the Rs 62 crore issued capital, to project-affected citizens of Bhojpur District from the 7th Bhadra to the 28th Bhadra in 2079. However, only 569,690 of the issue’s total number of units have been distributed to eligible candidates. As a result, the remaining 50,310 unsubscribed units are increased by 6,20,000 units or 10% of the shares reserved for the general public. To create a total of 6,70,310 units for the general public. In total, the promoter owners own 80% of the company’s shares.
Eastern Hydropower IPO result
NMB Capital Ltd is the issue manager for Eastern Hydropower Ltd. CARE Ratings Nepal Limited (CRNL) has revised Eastern Hydropower Limited’s Issuer Rating to “CARE-NP B+ (Is)” (EHL). Incorporated on August 4, 2017, Eastern Hydropower Limited (EHL) is a public company supported by institutional as well as lone promoters from various backgrounds. It is now running a 5 MW run-of-river Pikhuwa Khola Small Hydropower Project (PKSHP) in Nepal’s Bhojpur district. The BOOT (Build, Own, Operate, and Transfer) system is use to build the project
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