IPO Result & Allotment of Supermai Hydropower Company Limited
Supermai Hydropower Limited’s initial public offering (IPO) allotment was completed today at Sanima Capital Limited’s offices in Kathmandu.
Supermai Hydropower Limited’s IPO allocation is scheduled for tomorrow AM, or 4 Falgun 2079. The issue manager Sanima Capital Limited’s Naxal offices are where the allocation program will take place.
From the 23rd Magh to the 26th Magh, the business distributed 4,15,000 units of shares with a face value of 100 rupees to the general public as part of an IPO.
10%, or 50,000 units, of the total 500,000 units have already been released and assigned to Nepalese residents who are working overseas.
According to the allocation module, a total of 41,500 candidates received a lottery allocation of 10 units apiece, while the remaining 12,76,820 applicants received no offers.
2%, or 10,000 units, have put aside for the company’s workers, while 5%, or 25,000 units, of the total, offered shares, have reserve for mutual funds.
For public sale are the remaining 4,15,000 units.
|Face Value||Rs. 100|
|Number of Shares||5,00,000 Units|
|Nepalese Employee Working Abroad||50,000 Units|
|Company Employee||10,000 Units|
|Mutual Fund||25,000 Units|
|For General Public||4,15,000 Units|
|IPO Allot for||41,500|
|Issue Manager||Sanima Capital Limited|
|IPO Issue||23rd Magh to 26th Magh|
You may check the Supermai Hydropower Ltd. results online at Sanima Capital Ltd. or the CDS and Clearing Limited website. By login onto Mero Share, the applicants may also view the results.
Following the IPO issue, the company’s paid-up capital would amount to Rs. 50 crore.
About the Company
The IPO result date for Supermai Hydropower Ltd. After the closing date, or in the second week of February 2023, the IPO result will be made public. The banks will issue a refund if the shares are not allotted, but the allocation of shares will finally be completed.
Super Mai Hydropower Limited’s issuer rating has raise by ICRA Nepal to [ICRANP-IR] BBB- from [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating triple B minus) (pronounced ICRA NP issuer rating double B plus).
Regarding prompt payment of financial commitments, issuers with this grade are thought to have a modest degree of safety.
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