Lucky 47,400 applicants to be allotted with 20 unit shares of Aankhukhola Hydropower; Allotment to be made within 2 days
Thu, Oct 25, 2018 1:07 PM on IPO/FPO News, Share Allotment, Stock Market, Latest,
Lucky 47,400 applicants to be allotted with 20 unit shares of Aankhukhola Hydropower; Allotment to be made within 2 days
Civil Capital Market Limited is set to allot the Initial Public Offering (IPO) of Aankhukhola Jalvidhyut Company Limited to the valid applicants on Kartik 09 or on Kartik 11.
The hydropower company had issued 13,76,020 unit shares which included 68,801 units issued to mutual fund and 12,79,699 units issued to general public. Applications have been received for 56,66,550 making the application to be over-subscribed by 4.43 times.
As per the pre-allotment module provided by Civil Capital, only 5 staffs had applied for the shares and 83,316 valid applicants had applied from the general public.
Out of the valid applicants 47,400 applicants will be allotted 20 units while 35,916 applicants were allotted 10 units. The 5 staffs will allotted with 59 units. The general public will be allotted 27,461 units from the unsubscribed staff share.
ICRA Nepal had assigned Grade 5 rating to the IPO which indicates poor fundamentals of the company.
The paid-up capital will reach Rs 80 crore with promoter shares standing at Rs 60 crore. The hydropower company is currently operating Ankhu Khola -1 Hydro electric project having installed capacity of 8.4 MW situated at Tripura Sundari Gaun Palika of Dhading District.
