Upper Solu Hydro Electric Company Limited IPO Date: Upper Solu Hydro Electric Company Limited is opening an IPO for the general public from 20 Ashadh 2079 to 23 Ashadh 2079. The issue manager for this IPO is NMB Capital Limited.
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Upper Solu Hydro Electric Company Limited IPO Apply Date
The general public can apply from the meroshare.cdsc.com.np account. This is a new upcoming IPO in Nepal from Hydropower Sector.
NMB Capital Limited has been appointed as an issue manager for this IPO. The total units that are issued for this IPO for the general public are only 6,18,250.
Upper Solu Hydro Electric Company Limited IPO Date
The price per unit for this IPO is Rs 100. You can apply for only 10 units due to this reason of less amount of shares. The maximum amount of units that you can apply for this IPO is 1000.
|S.N||Himalayan Hydropower Limited IPO||Details|
|2||Issue Manager||NMB Capital Limited|
|3||Open IPO Date||20 Ashadh 2079|
|4||Close IPO Date||23 Ashadh 2079|
|5||Total No of Units||19,57,500|
|6||Price per Unit||Rs 100|
|7||Suitable to Apply (General Public)||10 Units|
|8||Maximum units apply (Kitta)||1000 units|
Upper Solu Hydro Electric Company Limited IPO News
Upper Solu Hydro Electric Company Limited will issue an IPO on July 4. The company is about to issue an IPO to the public. The company is going to issue 1,957,500 ordinary shares at the face value of Rs 100.57 million.
Out of the total shares to be issued, 2 per cent or 39,150 shares have been reserved for employees and 5 per cent or 97,875 shares have been reserved for collective investment funds. Investors will be able to apply for the remaining 1.82 million 475 lots.
Investors will have to apply for a minimum of 10 lots of shares and a maximum of 100,000 lots of shares. The eviction will be closed on July 8; if no application is received by that time, the deadline to apply will be extended to July 8.
In the rating given for IPO issuance, ICRA Nepal has given ICRP IR Double B Plus rating to the company. This indicates that there is an average risk in the ability to bear the liability.
The issue and sale manager of the company is NMB Capital Limited. Investors can also apply from banks and financial institutions participating in the ASWA service with the permission of the Nepal Securities Board. In addition, applications can also be made through My Share’s web and app.
Conclusion on Upper Solu Hydro Electric Company Limited IPO:
This IPO is now open to the general people. Therefore, you can apply for this IPO from 20 Ashadh 2079 to 23 Ashadh 2079 from your meroshare account. You can also visit the banks for applying this IPO.