Sanima Mai Hydropower IPO result today

ShareSansar, July 3

Sanima Mai Hydropower Limited has successfully allotted its 10,55,000 unit ordinary shares through NCM Merchant Banking Limited, Kamalpokhari, on July 2. The result will be posted on sharesansar.com soon.  

Altogether, 3,861 people had applied for 10,55,000 unit of shares in the IPO.

Out of the total applicants, 2,014 belonged to the project affected areas of the 9 VDCs of Illam district. There is 100% allotment for the project affected area in this IPO. The company had reserved 6,33,000 unit shares (60% of the overall issue) for the affected 9 VDCs, but applications were received only for 5,57,060 units.

For IPO Result: CLICK HERE

The remaining 75,940 unit shares were allocated for Illam Municipality and 38 VDCs in the district.

The company had already set aside 4,22,000 kitta (i.e. 40% of the overall issue) for the municipality and the 38 VDCs, where in total 1,847 applicants had applied for 8,56,610 unit shares. Later, the number of shares allocated to the municipality and 38 VDCs reached 4,97,940 kitta after including the spillover shares from the 9 VDCs.

From the Illam Municipality and 38 VDC areas, 1,245 small investors applied for 2,75,790 kitta, which was oversubscribed 1.38 times of the allotted 1,99,176 kitta. Likewise, 602 large investors from the areas applied for 5,80,820 units, which was oversubscribed 1.94 times of the 2,98,764 kitta allotted to them.

Basically the small category investors (the one who has invested Rs 50,000 and less) have been allotted 72.22% of their investment. And the large category investors (the one who has invested above Rs 50,000) have been allotted 51.44% of their investment.

As per the IPO allotment directives of SEBON, small investors should be allotted 40% of the overall issue, whereas big investors get 60% of the total issue.

For allotment module: CLICK HERE