Asian Hydropower Company Limited’s IPO Results and Allotment. The allocation date for Asian Hydropower Company’s initial public offering (IPO) is February 21, 2023, or the 9th of Falgun, 2079.
Notice Date: February 23, 2023
Pre-allotment work will be finished on the 10th of Falgun, and the IPO results will be published on Friday, or the 12th of Falgun 2079, according to the NMB Capital Limited Corporation. The Company was registered as a private company under the Ministry of Industry, Trade, and Supplies in January 2017. On July 1, 2019, the Company underwent a conversion to become a public corporation. The business is carrying out the Lower Jogmai Khola Hydropower Project.
More about Asian Hydropower Company Limited’s IPO Results and Allotment
The Company’s paid-up capital will reach Rs. 34 Cr. after this IPO. The Company intends to raise Rs. 6.97 Cr. for its business after this IPO. At the closing date, the IPO had received more than 23.84 times as many units as regular applicants.
Applications have been received for 1,66,26,520 Units of Shares from 14,92,778 applicants. According to the issue manager, each of the 10 Unit shares will be distributed to 69,720 people after this IPO. Ten units of each are available for the application, and a maximum of 20,000 units.
The allocation date for Asian Hydropower Company’s initial public offering (IPO) is February 21, 2023, or the 9th of Falgun, 2079. NMB Capital Limited is the IPO sales issuing manager. With a face value of 100 rupees for the general public, this initial public offering (IPO) began on the 27th of Magh, 2079, to the 3rd Falgun, 2079.
The total number of certificates given to Nepalese workers overseas is 8,40,000, or 10%, or 84,000. Also, the Company’s employees have set aside 2% or 16,800 Units of Shares. Forty-two thousand units, or 5% of 8,40,000 shares, have been set aside for mutual funds. On the 27th of Magh, 2079, the remaining 697200 Units of IPO Shares were issued for the General Public.
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