How Many Have Applied for Public Issue of "Sonapur Minerals and Oil" So Far?

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Sonapur Minerals and Oil Limited as of 10 am today i.e. Ashwin 16.

The company has been issuing 97,32,544 unit IPO shares from 14th Ashwin, 2080. The early closing date of this issue is on 17th Ashwin and if the issue is not fully subscribed, it can be extended up to 28th Ashwin, 2080.

Out of the total 12,165,680 units; 10% i.e. 1,216,568 units have already been issued and allotted to Nepalese citizens working abroad, 608,284 units have been set aside for the mutual funds while 608,284 units have been set aside for the employees of the company. The remaining 9,732,544 units are for the general public.

The shares are being issued for Rs. 225 per share (Rs 100 face value + Rs 125 premium price) for employees of the company and for the general public at a price of Rs. 237.58 (Rs. 100 face value + Rs. 137.58 premium price).

NIMB Ace Capital is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,500,000 units.

According to CDSC, 621,494 applicants have applied for a total of 7,285,560 units. Thus, the issue has been subscribed by 74.85% so far.

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned a long-term rating of IRN BBB-(Triple B Minus) to the long-term bank facilities and a short-term rating of IRN A3 (A Three) to the short-term bank facilities.