Rasuwagadhi Hydropower and Sanjen Hydropower’s IPO to be allotted today

Sun, Apr 1, 2018 11:08 AM on IPO/FPO News, Latest, Share Allotment, Stock Market,

The allotment of IPO of Rasuwagadhi Hydropower and Sanjen Hydropower will be made today at 2 PM.

As per the reports, the allotment of the public offering of both the companies will be made on the basis of allotment module prepared under the directives of the Securities Board of Nepal.

The issue of the companies was open from Falgun 11 to Falgun 30 for the employees of Employee Provident Fund and from Chaitra 5 to Chaitra 13 for the employees of the promoter institutions as well as employees of the local offices.

The second stage IPO issue of Rasuwagadhi has been able to gather Rs 7,38,85,000 from 585 employees of the Employees Provident Fund. The issue was open for Rs 6,84,29,000. It is oversubscribed by 1.07 times. Similarly, from the employees of promoter institution, the hydropower company has collected Rs 43,93,73,000 from 8,986 employees. The issue was open for Rs 23,94,73,500. It is oversubscribed by about 1.83 times. In the first stage issue of the company, Rs 6.75 arba had been collected from more than 2 lakh applicants. Siddhartha Capital is the issue manager for the IPO issuance of Rasuwagadhi Hydropower Company, along with co-issue management of Sunrise Capital, Global IME Capital, NMB Capital, Civil Capital and Prabhu Capital.

Likewise, Sanjen Hydropower Company has collected Rs 3,99,46,000 from 547 employees of the Employee Provident Fund. The issue was open for 3.65 lakh unit shares. From the employees of promoter institutions, the company gathered Rs 26,42,49,000 from 8,977 applicants. In the first stage issue the company had amassed Rs 4.17 arba from 1.83 lakh applicants. Citizen Investment Trust is the issue manager for the IPO issue of Sanjen Hydropower Company.