Last day to apply for Ingwa Hydropower’s 12,68,639 Units of IPO Shares For General Public

Last day to apply for Ingwa Hydropower’s 12,68,639 Units of IPO Shares For General Public

As of today, the 17th Baisakh, Ingwa Hydropower Limited is ending the offer of 12,68,639 unit shares with a face value of Rs 100. The issue first surfaced on Baisakh 13, 2080.

In the past, the business had distributed 6,00,000 shares worth Rs. 6 crore to the residents of Taplejung District who would impact by the project. However, only 306,840 units were given to eligible applicants. In order to reach a total of 14,93,160 units for the general public, the remaining 293,160 units of unsubscrib shares of project-affecte locals are add to the 12,00,000 units (20% of the issued capital which is reserved for the general public).

120,000 of the total 14,93,160 units have already been granted and given to Nepalese nationals living and working overseas. Mutual funds will get 5% of the shares, or 74,658 units, while corporate workers will receive 2%, or 29,863 units. And 12,68,639 of the remaining units are issue for the general public.

In all, the promoter owners own 70% of the company’s shares. With this IPO, the company hopes to raise Rs 12.68 crore.

For a total of 10,964,750 units, 994,624 applicants have submitted applications, according to CDSC. The issue has therefore received an excess of subscriptions by a factor of 8.64.

The issue manager for the IPO issuance is Sunrise Capital Ltd. An applicant can request a minimum of 10 units and a maximum of 20,000 units.

Last day to apply for Ingwa Hydropower’s 12,68,639 Units

The issuer rating of ‘CARE-NP BB (Is)’ given to Ingwa Hydropower Limited by CARE Ratings Nepal Limited (CRNL) has been confirmed. In Nepal, issuers with this grade are regard as having a modest risk of default when it comes to timely payment of financial obligations.

On June 23, 2009, Ingwa Hydropower Limited was established as a private limited company. On August 25, 2014, it underwent a conversion to become a public limited company.

For the purpose of constructing a 9.70 MW run-of-river Upper Ingwa Khola hydropower project (UIKHP) in Nepal’s Panchthar district, the firm has received institutional and private support. Under the Build, Own, Operate, and Transfer (BOOT) process, the project is built.

Keep Visiting us. 

Also, Read,

National Life Insurance Company proposes a 14.5% dividend for the fiscal year 2078/79

Sunrise Capital | SIP scheme with 5 years investment period

Mero Share | Mero Share Login | How to reset Mero Share Forgot Password | Complete Details On Mero Share Dashboard

Dolti Power Company Closed its 12,71,861 Units of IPO Shares of the General Public from Today

IPO Results of Bhugol Energy Development Company

Upcoming IPOs in Nepal 2023 updated List