Samling Power Company IPO Result - How to Check IPO Result: Samling Power Company Limited IPO Result published on 2nd October 2021 Tuesday (16th Kartik 2078). The company's share issue and sale manager Nepal SBI Merchant Banking published an IPO result /allotment at 8.30 am on Tuesday.
According to the latest statistics, 2,265,698 applicants have been applied 269,333,500 units of shares worth Rs 2.69 billion of Samling Power Company Limited.
This is 39.67 times more than the 678,900 units of shares distributed to the general public. The Samling Power Company had issued 730,000 units of ordinary shares worth Rs. 73 million.
Of that, 2 percent or 14,600 units of shares have been allocated for employees and 5 percent or 36,500 units of shares have been allocated for collective investment funds. Only the remaining 678,900 units were issued to the public.
As there have been more applications than demand for the IPO of Samling Power, the shares allotted at the rate of at least 10 units through the round-robin method as per the Securities Issuance and Distribution Directive.
Only 67,890 applicants got shares when the shares are distributed at the rate of a minimum of 10 units. Accordingly, about 2.2 million applicants did not get shares.
ICRA Nepal has given ICRA NP IR Double B minus rating to the IPO issued by Samling Power Company. This indicates an average risk in the company's ability to meet financial obligations.
ICRA Nepal had given a rating grade to the company's IPO on 9th Poush 2077. The rating is valid for one year from the date of issue.
How to Check IPO Result of Samling Power Company 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 Samling Power Company 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 Samling Power Company:
1. MeroShare Official Website: https://www.meroshare.cdsc.com.np
2. Nepal SBI Merchant Banking IPO result (Check IPO Result on Nepal SBI Merchant Banking Limited) Website: http://ipo.nsmbl.com.np (Check Here)
(Please select company name and provide DEMAT No. to view IPO result Select Company name and Type DEMAT Number)
IPO Detail Statement:
|The IPO Issuing Company||Samling Power Company Limited|
|Issue Manager||Nepal SBI Merchant Banking Limited|
|Security Type||Common Stock -IPO|
|IPO Issued Date||2078 Kartik 4 to 8|
|IPO Face Value||Rs. 100|
|Total IPO Share||7,30,000 units|
|The share allocated for Mutual Investment (5%)||36,500 units|
|The Share allocated for employees (2%)||14,6,00 units|
|Total Share for Individual Investor (General Public = 93%)||678,900 units|
|Total Applied Units||269,333,500 units|
|Total Allotted Kitta||678,900 Kitta|
|Total Allottee||67,890 applicants|
Samling Power Company Limited was registered as a private limited company in the name of Samling Power Company in the office of the Registrar of Companies on 23rd Chaitra 2070 BS as per the Companies Act 2063.
It has been operating as Samling Power Company Limited by transforming into a public company on 24th Jeshta 2076 BS.
The Registrar's Office of the Company is located at Lalitpur Metropolitan City Ward No. 2 Sanepa Lalitpur.
The company's project office and hydropower station are located in Ilam Municipality Savik (Ilam Municipality and Godak VDC) and Maijogmai Village Municipality (Savik Soyang and Namsaling VDC) of Ilam District.
The company has been operating the 9.51 MW Maibeni Hydropower Project based on Run of River since 1st Ashoj, 2078.
The company has projected that the total cost of the project will be Rs 2 billion and the cost per megawatt will be Rs 213.5 million.
As per the provisions in the management letter and rules, the company has issued 10 percent of the issued capital of Rs. 500 million or 500,000 shares equal to Rs. 50 million to the locals and 14.6 percent or 730,000 shares equal to Rs. The shares have been brought out.
The company has stated that it will use the Rs 123 million collected by issuing IPO to repay the loan.