Eastern Hydropower Limited’s IPO Allotment: Today at the offices of NMB Capital Limited in Nagpokhari, Kathmandu, the Eastern Hydropower Limited’s initial public offering (IPO) allotment came to an end. In its initial public offering to the general public, Eastern Hydropower Limited sold 6,70,310 units for a total of Rs. 6.70 crores. On 28 Ashwin 2079- 1 Kartik 2079. A total of 13,406 units, or 2% of the 6,70,310 units available, were set aside for firm employees. Only 11,605 of those had subscriptions and cancellations. While 33,515 units, or 5% of all issued shares, were set aside for mutual funds, only 1,801 units were made accessible to the general public.
The general public can receive the remaining 6,25,190 units. 13,56,224 qualifying applicants request a total of 1,48,47,550 units in the issuance. There were more than 23.81 times as many volumes ordered as available. According to the allocation module, a total of 62,519 applicants received a lottery allocation of 10 units each, while the remaining 1,353,705 applicants had their applications returned empty. 16 workers received a total of 11,605 units, while 15 mutual funds received 33,515 units.
1,996 candidates out of a total of 26,490 applicants are reject for submitting duplicate applications. CDSC IPO Result, MeroShare, and NMB Capital Limited all have access to the IPO results. After the IPO is issue, the company’s paid-up capital will be Rs. 62 crores. Previous to this, the company distributed 6,20,000 unit IPO shares, or 10% of the issued capital of Rs 62 crore, to the residents of Bhojpur District from the 7th Bhadra to the 28 Bhadra, 2079, who were impacted by the project. However, of the total number of units in the issue, only 569,690 have been awarded to eligible candidates.
About The Eastern Hydropower Limited’s IPO Allotment
A public business, Eastern Hydropower Limited (EHL), was established on August 4, 2017, and it is supported by both institutional and private promoters with a variety of backgrounds. Pikhuwa Khola Small Hydropower Project (PKSHP), a 5 MW run-of-river project, is now in operation in Nepal’s Bhojpur district. The BOOT (Build, Own, Operate, and Transfer) construction method are used for this project. To make a total of 6,70,310 units for the general public, the remaining 50,310 units of unsubscribed shares are added to the 6,20,000 units (which is 10% of shares allocated for the general public). The promoter owners collectively possess 80% of the company’s shares. In an application, a minimum of 10 units and a maximum of 100,000 units can request.
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