Dordi Khola Jalbidhyut IPO Result Date: Dordi Khola Hydropower Limited is publishing an IPO Result for the general public on 08 Ashadh 2079. It has opened a total of 21,95,509 unit shares. The issue manager for this IPO is Siddhartha Capital Limited.
It is a hydropower sector IPO. The price of this IPO is Rs 100 per unit. You can apply for only 10 units due to fewer units and oversubscription problems. All General Public can apply from the meroshare.cdsc.com.np account. ICRANP Nepal Limited has assigned a [ICRANP] rating to the company.
|S.N||Dordi Khola Hydropower Limited IPO Result||Details|
|2||Issue Manager||Siddhartha Capital Limited|
|3||Open IPO Date||26 Jestha 2079|
|4||Close IPO Date||31 Chaitra 2078|
|5||Total No of Units||21,95,509|
|6||Price per Unit||Rs 100|
|7||Suitable to Apply (General Public)||10 Units|
|9||Maximum units apply (Kitta)||1000 units|
IPO is the best method to invest in the financial sector. It is considered the best way to invest in the market for beginners. After applying for an IPO we need to check the result too.
Today we will be understanding how to check the IPO from Meroshare, which we have applied already. If you have not understood, how to apply IPO in Nepal, please see this article.
Table of Contents
Dordi Khola Hydropower Limited General Public IPO
This IPO is now open to the general public people in the second phase. Therefore, all the general public can apply for this IPO from 26 Jestha 2079 to 31 Jestha 2079 from your meroshare account. You can also visit the banks for applying this IPO.
Dordi Khola Jalbidhyut IPO Result News
Investors applying for the IPO of Dordi Khola Hydropower are interested in when the IPO will be distributed. According to News, the sales manager Siddhartha Capital to clear the same interest of the investors. According to Capital, the IPO pre-allotment of Hydropower has been completed and it is scheduled to be held at the office of Siddhartha Capital on Wednesday. However, the time has not been decided yet, according to Capital.
According to CDS & Clearing Limited, these applicants have to pay Rs. They have applied for 1,78,75,620 lots worth Rs 1.78 billion. The number of applications received is 8.85 times more than the demand.
As the application is more than the demand, the possibility of getting shares also seems low. The company is constructing 12 MW capacity Dordi 1 hydropower project in Lamjung district. The estimated construction cost of this project is Rs. 2.69 billion 44.3 million.
Rating agency Care Rating Nepal has awarded Dordi Khola’s IPO ‘Care NP IR Double B Minus’ which indicates an average risk in the company’s ability to bear responsibility.
IPO from Meroshare Portal:
We can check IPO from the CDS in the website portal in 5 steps easily. The efficient way to check IPO from the Mero shares IPO portal follows the following steps.
- Go to the CDS and Clearing Limited website.
- Select Company where you applied your IPO.
- Enter your 16-digit BOID (Demat number).
- Click on View Result.
- See the Message below the button.
- Congratulations Allotted!!! Allotted quantity: (XXXX) is for successfully allotted.
- Sorry, not allotted for the entered BOID for unsuccessful allocation of IPO units.