Dordi Khola Jal Bidyut Company IPO Allotment to be Concluded on Wednesday at 9 AM

Siddhartha Capital Limited is going to allot IPO of Dordi Khola Jal Bidyut Company Ltd (DORDI) on Wednesday i.e Ashad 8 at 9 AM. The IPO allotment will take place at the premises of Siddhartha Capital Limited, Naxal, Kathmandu.

The company opened its IPO issue of 20,19,869 units of ordinary shares worth Rs 20.19 crore to the general public on 26th Jestha and concluded on 31st Jestha.

Out of total of 21,95,509 unit shares; 3% of the issue worth 65,865 shares were allocated to employees of the company and 5% worth 1,09,775 shares for mutual funds. The remaining 20,19,869 shares were purely for the individual public.

According to CDSC, 15,64,522 applicants were received till the last day, applying for a total of 1,79,33,070 units. Thus, the issue was oversubscribed by 8.87 times.

ICRA Nepal has reaffirmed an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) to Dordi Khola Jal Bidhyut Company Limited. Issuers with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.