50% Right Shares of Sambriddhi Finance (SFCL) and IPO of Balephi Hydropower (BHL) Listed in NEPSE

19,57,039 units right share of Sambridhi Finance Company Limited (SFCL) have been listed in NEPSE.

The finance company had issued the right shares in the ratio 2:1 to its shareholders. Out of the total 27,29,705 units right shares issued from 8th Falgun, 2078 there were 8,67,366 promoter shares and 73,100 ordinary shares remained unclaimed and hence were sold via auction process. Later on 7,72,666 units promoter shares were still remained unclaimed in the auction. So for now 19,57,039 unit shares have now been listed in NEPSE.

As of writing, Sambriddhi Finance Company Limited (SFCL) has a market price of Rs. 283.

1,82,79,700 units IPO shares of Balephi Hydropower Limited (BHL) have been listed in NEPSE.

The company opened its IPO to the general public from Chaitra 16, 2078. The issue closed on 21st Chaitra, 2078, at the end of banking hours. The company issued a total of 18,27,970 unit shares worth Rs. 18.27 crore. The IPO allotment of Balephi Hydropower Limited (BHL) concluded on 2078/12/29.

The issue received applications from 21,68,100 valid applicants who had applied for a total of 24,358,530 units. The issue was oversubscribed by more than 14.64 times. As per the allotment module, a total of 1,66,345 applicants were allotted 10 units each via lottery and lucky three applicants get 1 unit extra; and the remaining 2,001,755 applicants returned empty hands. A total of 73,119 units were allotted to the staff of the company and 91,398 units allotted to mutual funds.

The opening range for the first transaction is set from Rs. 93.64 to Rs. 280.92. The trading of the company will start in secondary market in NEPSE on the next day of signing the agreement i.e tomorrow (Jestha 10).