The Maya Khola Hydropower Company has released its IPO result. The Maya Khola Hydropower Company allocation has completed its budget today at Prabhu Capital Limited offices in Kathmandu.
Notice Date: February 9, 2023
Maya Khola Hydropower Company Ltd sold public shares in its Initial Public Offering (IPO) for 19.92 billion rupees from Magh 13 to Magh 17, 2079. The IPO results are accessible to Prabhu Capital Limited, MeroShare, and CDSC IPO Result. The corporation had already offered 240,000 unit shares to Nepalese citizens living abroad and 10,000 unit shares worth ten crores of rupees to residents impacted by the project. 66% of the company’s shares are held collectively by the promoter owners.
More about The Maya Khola Hydropower Company’s IPO results have been released.
Of the 24,00,000 units, 10%, or 240,000, have already been distributed to Nepalis who work and live overseas. Forty-eight thousand units, or 2%, are set aside for firm employees. At the same time, mutual funds have a reserve of 5%, or 120,000 units, of the total available shares. Of the remaining claims, 19.92,000 are available for general sale. Following the IPO, the company’s paid-up capital will be Rs. 1 Arba.
Through this IPO, the company hopes to raise Rs 19.92 crore. Applications for the issuance were received from 12,78,688 qualified people, who asked for a total of 1,41,17,390 units. More than 7.09 times as many people subscribed to the issue. The allocation module indicates that 10,79,488 applicants were not offered any units, whereas 1,99,200 applications won 10 units each through a lottery.
1,20,000 units were distributed to the mutual funds, while 48,000 units were given to the employees. A total of 5,542 people registered for 86,300 units were dismissed due to several applications from Local Shareholders, Foreign Employee Shareholders, Staff, and C-ASBA suspicions.
More about the Company:- Maya Khola Hydropower Company
ICRA Nepal has accredited Maya Khola Hydropower Company Limited with an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B negative). Due to the prompt service of financial obligations, issuers with this grade are at a slight risk of default.
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