Chhyangdi Hydropower’s 2.70 lakh units IPO shares allotted to the locals of affected area; all applicants allotted a minimum of 10 units
Mon, Feb 20, 2017 2:21 PM on Latest, IPO/FPO News, IPO/FPO Result News, Featured, Stock Market,
Global IME Capital Limited, the issue manager for the IPO of Chhyangdi Hydropower Limited, has allotted 2,70,000 units IPO shares to the local people of the project affected region (Lamjung district) today.
The allotment concluded today on the premises of Global IME Capital Limited, Nachghar, Jamal, Kathmandu. The IPO was oversubscribed by almost 6 times. There were 4,367 applicants and 4 of them were invalid. All 4,363 applicants were allotted the 2,70,000 units shares.
All applicants have been allotted a minimum of 10 units shares.
The company had set aside 40% (1,08,000 units) shares for the locals in Faleni and Bansar VDC. Another 40% (1,08,000 units) shares were set aside for Chiti, Dhodeni and Nauthar VDC, and the rest of 20% (54,000 units) shares were reserved for the lesser affected areas of Lamjung.
Global IME Capital Limited will be refunding the excess amount directly into the bank accounts of the applicants from Falgun 15, 2073.
The authorized capital of the company is Rs 50 crore. After the IPO for the locals of project affected area, the paid up capital of the company has reached Rs 21.60 crore. Likewise, after the IPO for the locals of project affected area, the company will be floating 5.40 lakh units shares worth Rs 5.40 crore for the general public. After then, its paid up capital will reach Rs 27 crore.
After the IPO, the promoter - people of affected area (Lamjung district) – public shareholding ratio of the hydropower company will be 70% to 10% to 20%. Chhyangdi Hydropower was established on September 2, 2007 as a private limited company. The company is developing Channdi Khola Hydropower project (2 MW) in Lamjung district, Nepal.
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All applicants have been allotted a minimum of 10 units shares.
The company had set aside 40% (1,08,000 units) shares for the locals in Faleni and Bansar VDC. Another 40% (1,08,000 units) shares were set aside for Chiti, Dhodeni and Nauthar VDC, and the rest of 20% (54,000 units) shares were reserved for the lesser affected areas of Lamjung.
Global IME Capital Limited will be refunding the excess amount directly into the bank accounts of the applicants from Falgun 15, 2073.
The authorized capital of the company is Rs 50 crore. After the IPO for the locals of project affected area, the paid up capital of the company has reached Rs 21.60 crore. Likewise, after the IPO for the locals of project affected area, the company will be floating 5.40 lakh units shares worth Rs 5.40 crore for the general public. After then, its paid up capital will reach Rs 27 crore.
After the IPO, the promoter - people of affected area (Lamjung district) – public shareholding ratio of the hydropower company will be 70% to 10% to 20%. Chhyangdi Hydropower was established on September 2, 2007 as a private limited company. The company is developing Channdi Khola Hydropower project (2 MW) in Lamjung district, Nepal.
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