Molung Hydropower is releasing 22,64,655 Units of IPO Shares from 4 Falgun in its initial public offering (IPO). The Hydropower company has released a notice regarding issuing 22,64,655 units of IPO shares from the 4th of falgun to the general public.

Notice Date: February 16, 2023

However, Hydropower has decided to close the issuing on the 10th of Falgun. In case of insufficient subscription, the company may extend the date of issuing its IPO till the 18th of Falgun 2079. Molung Hydropower Company Limited is now accepting applications for the issuance of 22,64,655 unit shares with a face value of Rs 100 as of today, 4 Falgun 2079. The company wants to raise Rs 22.64 crore after this IPO.

Molung Hydropower is releasing 22,64,655 Units of IPO Shares from 4 Falgun in its initial public offering (IPO).

More about Molung Hydropower releasing 22,64,655 Units of IPO Shares from 4 Falgun in its initial public offering (IPO).

5%, or 136,425 units, of the total offered shares, have been allocated to mutual funds, and 2%, or 54,570 units, have been reserved for firm workers. Additionally, 10%, or 272,850 units, of the total 27,28,500 units have already been issued and allotted to Nepalese nationals employed overseas.

See also  Supermai Hydropower Company will stop issuing 4,15,000 units of IPO shares to the general public from March 26th, 2079.

The Molung Hydropower has separated its 22,64,655 units of IPO shares to the general public, which will be opened on the 4th of Falgun 2079, which is today, and the closing date is the 10th of falgun 2079. If the general public can’t subscribe to the total units, the closing dates will be extended until the 18th of Falgun.

The general public can purchase the remaining 22,64,655 units. The company’s paid-up capital will be Rs. 80.25 Crores after this IPO. The corporation previously issued twenty-seven thousand eight hundred fifty unit shares to Nepalese employees abroad. Additionally, 8,02,500 unit shares worth Rs. 8.02 crores were distributed to project-affected locals. 56% of the corporation’s shares are held by the promoter owners together.

Sunrise Capital Limited has been identified as the issue manager for the IPO. An application may seek as many as 8000 units, with a minimum request of 10.

For more related content, please follow, Wapnepal. 

Related Recent posts:
  1. Residents of the Sankhuwasabha District and Nepalese living abroad would receive IPO shares from Menchhiyam Hydropower starting on the tenth falgun.
  2. Asian Hydropower extended the general public’s IPO deadline until the third Falgun
  3. Bhugol Energy Development Company | Issuing IPO Shares to Nepalese Employee working abroad and Locals of Dailekh District from 8th of Falgun.
  4. The deadline for locals has been extended until the 15th of Falgun as Makar Jitumaya Suri Hydropower Company Limited closes its issuance for Nepalese working abroad on March 29th, 2079.
  5. Locals of the Dailekh District and Nepalese working abroad will receive IPO shares from the Dolti Power Company starting on the eighth of Falgun.
  6. Sanima Middle Tamor IPO is closing on the of Magh for Nepalese workers who are based abroad; the deadline for project-affected locals has been extended until Falgun 04
  7. Aatmanirbhar Laghubitta | IPO for the general public and Nepalese workers abroad.
  8. Makar Jitumaya Suri Hydropower Company has offered IPO shares to residents of the Dolakha District and Nepalese workers overseas, from Magh 15
See also  SEBON accepts Kalinchowk Darsan's IPO proposal