Sanima Middle Tamor Hydropower is Closing its 42,48,938 Units of IPO Shares Issue from Today or 30th Falgun 2079
On today, Falgun 30, 2079, Sanima Middle Tamor Hydropower Limited will stop selling its 42,48,938 unit IPO shares to the general public. The problem started on Falgun 26.
10%, or 499,875 units, of the total 49,98,750 units have already give and allocate to Nepalese individuals who are employe overseas.
Whereas 249,937 units, or 5% of the total shares issued, have reserve for mutual funds. 42,48,938 units are left over for sale to the general public.
The paid-up capital of the business would be Rs. 3.33 Arba following the IPO. Before then. The company give 4,99,875 unit shares to Nepalese citizens living abroad and 33,32,500 unit shares to locals who would harmed by the project, totalling Rs. 33.32 crores.
In all, the promoter owners own 70% of the company’s shares.
Sanima Capital Ltd has selecte to serve as the IPO’s issue manager. A minimum of 10 units and a maximum of 20,000 units can request in an application.
10,67,330 applicants have submitted applications to CDSC for a total of 12,504,150 units. The problem has therefore received 2.94 times more subscriptions than it can handle.
The long-term bank facilities of Sanima Middle Tamor Hydropower Limited continue to have the “CARE-NP BB” rating from CARE Ratings Nepal Limited (CRNL).
With its office in Dhumbarahi, Kathmandu, Nepal, Sanima Middle Tamor Hydropower Ltd was founded and formed in 2016. As a Special Purpose Vehicle (SPV) Corporation for the execution and management of the Middle Tamor Hydropower Project.
It is supported by independent promoters with a variety of backgrounds, and institutional investors mostly connected to the Sanima Hydro group. Non-resident Nepalis, and other organizations including banks, insurance companies, and investment firms.
SMTHL is one of the sister businesses that make up the Sanima Hydro Group, which was establish in 1999 B.S. with the establishment of Sanima Hydropower Ltd.
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