IPO Allotment: Mathillo Mailung Khola Jalbidhyut Allotted Shares to Locals, 0.92% of Shares Were Unsubscribed

Mathillo Mailung Khola Jalbidhyut Limited has allotted IPO shares to the project-affected local residents of the Rasuwa and Nuwakot District. The allotment program concluded on 1st Ashwin, 2080.

The company had issued 10,00,000 unit IPO shares which are 10% of the issued capital of Rs. 1 Arba to the project-affected locals of Rasuwa and Nuwakot District from 4th Shrawan to 17th Bhadra. Locals could place their applications for a minimum of 10 shares to a maximum of 10,000 shares.

As per the notice published today, the company hereby informs that almost 990,800 units, or 99.08% of the total issue have been allotted to the valid applicants. Thus, the remaining 9,200 units will be soon issued to the general public along with 15,00,000 units which are 15% of the issued capital of the company.

CARE Ratings Nepal Limited (CRNL) has assigned the ‘CARE-NP BB-’ rating to Mathillo Mailun Khola Jalvidhyut Limited. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations, in Nepal.

Mathillo Mailun Khola Jalvidhyut Limited is a public limited company, incorporated on August 14, 2012. It is promoted by institutional investors majorly related to Sanima Hydro group and other institutes which include Banks and Insurance companies also for setting up of a 14.3 MW run-of-river, Mathillo Mailun Khola Jalvidhyut Project in BOOT (Build, Own, Operate and Transfer) mechanism and located at Rasuwa district of Nepal.

Notice