Nepal Republic Media IPO Allotment Concludes: 361,989 Applicants Gets 10 Units Each Whereas Staff/Mutual Fund Quota Undersubscribed

The IPO allotment of Nepal Republic Media Limited is concluded today at the premises of Hotel Aloft, Chhaya Center, Thamel, Kathmandu. 

Nepal Republic Media Limited had issued 35,25,930 units worth Rs 35.25 crores as Initial Public Offering (IPO) to the general public (Jestha 26-30, 2080). 

The issued capital of the company is Rs. 96.75 crores of which 44.99% i.e. 43,53,000 unit shares worth Rs. 43.53 crores have been set aside to the general public of which; 10% i.e. 4,35,300 units have been already issued to the Nepalese citizens working abroad, whereas 4% i.e 174,120 units have been set aside for the employees of the company, and 5% of the total offered shares i.e. 217,650 units have been set aside for the mutual funds. The remaining 35,25,930 units are for the general public.

However, Out of the total 3,91,770 units set aside for employees and mutual funds, only 2,97,809 units were subscribed, and the remaining 93,961 units remain unsubscribed.  The remaining 93,961 units were added to the general public and a total of 36,19,891 units are issued to the general public.

Mega Capital Markets has been appointed as the issue manager for the IPO issuance.

The issue had received applications from 12,27,569 valid applicants who had applied for a total of 13,241,820 units. The issue was oversubscribed by more than 3.65 times. 

As per the allotment module, a total of 361,989 applicants were allotted 10 units each via lottery and 1 lucky applicant get 1 unit extra and the remaining 8,65,580 applicants were returned with empty hands. 

In total 6,920 applicants who applied for 92,980 units were disqualified.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Mega Capital Markets Limited.