Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.
Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.
The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.
Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.
The problem has received 13,93,153 genuine applications.
Highlights:
- Shuvam Power IPO has received Rs. 1.51 Arba from 13.64 lakh applicants as of the last day.
- The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.
- The Aatmanirbhar Laghubitta IPO will be completed on Sunday; 16,975 applicants will receive 10 units each.
- Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.
- Asian Hydropower IPO has received Rs. 1.66 billion from 14.92 lakh applicants as of the last day.