Arun Kabeli Power 30 lakh units IPO shares allotment today

25 MW Arun Kabeli Power Limited had issued  30,00,000 unit shares worth Rs 30 crore as part of its Initial Public Offering (IPO) from Kartik 9, 2073 till  Kartik 12, 2073 at face value of Rs 100. As per an official of Siddhartha Capital Limited, “The allotment of the IPO will take place today at 3:30 PM at Trade Tower, Thapathali.” Siddhartha Capital Limited is assigned as the issue manager for the IPO issue. The IPO was oversubscribed by more than 43.47 times till last day. Around 1 lakh 46 thousand application forms were received. Interested people were required to apply for a minimum of 50 units of share and they can apply for up to 15,000 unit of share. The hydropower company had set aside 3% or 90,000 unit shares for its employees and 5% or 150,000 unit shares for the 7 mutual fund companies. The mutual fund schemes were Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Samriddhi Fund-1. The company had set aside 27, 60, 000 unit share to the general public. After the IPO, the paid up capital of the company will reach Rs 1.50 arba from the current Rs 1.20 arba which includes Rs 1.05 arba of promoter shareholders and Rs 15 crore collected from the project-affected area. The hydropower has authorized capital of Rs 1.50 arba. Check Here For IPO Result