The initial public offering (IPO) issued by Balephi Hydropower Limited to the public has been published the result on Tuesday morning. The shares were distributed at the office of Global IME Capital, the company's share issue and sale manager, on Tuesday morning.
As more applications were received for the shares issued by the Balephi Hydropower than the demand, the securities have been distributed as per the issuance and distribution guidelines. Accordingly, out of the eligible applicants, 1,66,345 people have received shares by distributing shares at the rate of at least 10 lots through a round-robin.
Out of that, the remaining three lots of shares have been distributed to the three lucky ones at the rate of one lot each. Accordingly, the maximum recipients have received up to 11 shares.
The company had issued 18 lakh 27 thousand 970 shares worth Rs. 16 to 18 crore 27 lakh 97 thousand.
Out of that, 4 percent or 73 thousand 119 shares have been allotted to the employees and 5 percent or one lakh 91 thousand 398 shares have been allotted to the collective investment fund and only the remaining 16 lakh 63 thousand 453 shares have been distributed to the general public.
According to the latest data from CDS & Clearing, out of 2,264,378 applications for shares of the company, 2,61,71,390 shares worth Rs 2.61 billion have been applied for. This is about 15.74 times more than the 1.663 million 453 units brought to the public.
The shares issued by Balephi Hydropower will be distributed in accordance with the Securities Issuance and Distribution Directive as there are more applications than demanded. Accordingly, only 1,66,345 people will get shares by distributing shares at the rate of at least 10 units through a round-robin.
Balephi Hydropower had issued 18 lakh 27 thousand 970 shares equal to Chaitra 16 to 18 crore 27 lakh 97 thousand rupees.
Out of that, 4 percent or 73 thousand 119 shares will be distributed to the employees and 5 percent or one lakh 91 thousand 398 shares will be allotted to the mutual investment fund, and the remaining 16 lakh 63 thousand 453 shares will be distributed to the general public.
How to Check IPO Result of Balephi Hydropower Limited:
Learn How to Check IPO result /allotment in Nepal. Learn the fastest and easiest way to check all companies' IPO results in Nepal. Follow a few steps to check an IPO result.
You have to follow the following instructions to check the IPO result of Balephi Hydropower Limited from the MeroShare (CDSC) website: iporesult.cdsc.com.np
Step 1: Log on to iporesult.cdsc.com.np (Check Here)
Step 2: You will view this type of interface on your device.
Step 3: Type your 16-digit BOID Number (Beneficial Owner Identification Number)
Step 4: Click on View Result Tab.
Finally, you will get the result message on the interface.
(Note: The IPO result will be shown after the share allotment and upload data on the server, it will take a few hours after the announcement)
Other Ways to Check IPO Result of Balephi Hydropower Limited:
1) MeroShare Official Website: https://www.meroshare.cdsc.com.np
2) Balephi Hydropower Limited IPO result (Check IPO Result on Global IME Capital Limited) Website: https://www.globalimecapital.com/ipo-fpo-share-allotment-check
(Please select company name and provide DEMAT No. to view IPO result Select Company name and Type DEMAT Number).IPO Result IPO