How Many Have Applied for Public Issue of "Supermai Hydropower Limited" So Far?

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Supermai Hydropower Limited as of 5 pm today i.e Magh 24.

The company has been issuing 4,15,000 unit shares of Rs 100 face value as IPO for the general public from 23rd Magh, 2079. The company intends to collect Rs 4.15 crore from this IPO. The early closing date of this issue is on 26th Magh and if the issue is not fully subscribed, it can be extended up to Falgun 08, 2079.

Out of the total 500,000 units; 10% i.e. 50,000 units have already been issued and allotted to Nepalese citizens working abroad, whereas 2% i.e 10,000 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 25,000 units have been set aside for the mutual funds. The remaining 4,15,000 units are for the general public. The paid-up capital of the company will reach Rs. 50 Crores after the IPO issuance.

Sanima Capital Limited is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 20,000 units.

According to CDSC, 723,926 applicants have applied for a total of 81,63,830 units. Thus, the issue is already oversubscribed by 19.67 times so far.

ICRA Nepal has upgraded the issuer rating of Super Mai Hydropower Limited to [ICRANP-IR] BBB- (pronounced ICRA NP issuer rating triple B minus) from [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating double B plus). Issuers with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations.