Mathillo Mailun Khola IPO Allotment to Be Concluded on Friday: 1,28,420 Applicants Will Get 10 Units Each

The IPO allotment of Mathillo Mailun Khola Jalvidhyut Limited will take place this Friday, i.e. on 3rd Kartik, 2080. The allotment program will be held at the premises of the issue manager Sanima Capital, Kathmandu.

Out of the total 15,09,200 units; 1,50,000 units were allotted to Nepalese citizens working abroad, and 75,000 units were allocated for the mutual funds. The remaining 12,84,200 units were for the general public at par value of Rs 100..

According to CDSC, 12,51,183 applicants applied for a total of 13,901,800 units worth Rs. 1.39 Arba. Thus, the issue is oversubscribed by 10.83 times till the closing day.

Looking at the data, it is apparent that only 1,28,420 lucky applicants will get ownership 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.