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Singati Hydropower IPO Result Published

Result 09 Apr 2021 168417 0

Singati Hydropower IPO

Singati Hydropower IPO Result Published:

Singati Hydropower (Hydro Energy) Limited Initial Public Offering (IPO) result (allotment) published. According to CDSC, it has received applications from 16,22,721 applicants for the purchase of 2,47,10,880 units. Total 2,67,700 applicants got 10 units each. 

The company has issued IPO of 2.69 million units to the public. Out of the 2.9 million IPOs sold by the company, 5 percent or 154,000 units have been distributed to mutual investment funds and 2 percent or 58,000 units have been distributed to employees. There was an arrangement for the general public to apply for the remaining 26 lakh 97 thousand units.

The IPO of the company has been issued from 19th March 2021 to 23rd March 2021 ( 2077 Chaitra 6 to 10).

The company issued a total of 4.35 million units of IPO shares, out of which 1.45 million units of shares are already offered to locals of the project affected areas in the first phase, and the issue for the remaining shares 2.9 million issued for individual, staffs, and mutual Fund investors.

Mega Capital acted as the sales manager of Singati Hydropower. The IPO has been given a ‘CARE-NP BB-(IS) issuer rating [Mederate risk of default regarding timely servicing of financial obligation]’ by credit rating agency Care Nepal. The rating indicates that the company's ability to bear financial obligations is moderate.

Detail Statement:

The Issuing Company Singati Hydro Energy Limited
Issue Manager Mega Capital Limited
Security Type Common Stock -IPO
Date of Approval From SEBON 2077-11-09
IPO Issued Date 2077-12-06 to 2077-12-10
Per Unit Share Price 100
Total IPO Units (First and Second Time) 43,50,000
Total IPO Share offered to locals of project affect areas (Already Allotted ) 14,50,000 Units
Total IPO Share Issued second time 2900,000 Units
Total Capital from IPO Rs. 43.5 Crores
Share for Staffs (2%) 58,000 Units
Share for Mutual Investment (5%) 145,000 Units
Share for Individual Investor (93%)  26,97,000 Units
Total Applicants 16,22,721
Total Applications Received 2,47,10,880 Units
IPO Result Date 2077 Chaitra 27, Friday (9th April 2021), 11:00 AM

How to Check IPO Result:

Now you can check the IPO result of Singati Hydropower from MeroShare (www.iporesult.cdsc.com.np)

Note:

The IPO result will be published on MeroShare, you can check your IPO result from MeroShare (www.iporesult.cdsc.com.np) or the other two options (Official website of Singati Hydro Energy Limited www.singatihydro.com and NMB Capital Limited www.nmbcl.com.np).

Click Here to Check IPO Result

You will see this type of interface on your device and you have to fill up your BOID Number (16 digits number) and then click on the View Result Tab. 

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