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IPO/FPO News

Securities Board of Nepal has added 9.90 lakh unit shares of Himalaya Urja Bikas Company in the IPO pipeline; IPO for the local residents of Ramechhap district

2018-04-06 The board has added 9.90 lakh unit shares at Rs 100 per unit on Chaitra 21, 2074.  The project is based in Ramechhap district, so the IPO will be issued for the local of the project affected area. Nabil Investment…

Citizens Bank International floating 4,63,826 unit FPO shares

2018-04-04 Citizens Bank International (CZBIL) is issuing 4,63,826 units shares as part of its Further Public offering (FPO). After the issuance, the promoter public ownership ratio will be 51:49. The FPO is yet subject to approval from SEBON, so the price…

Did you apply for Rasuwagadhi and Sanjen Hydropower’s IPO? See if you got it.

2018-04-01 Rasuwagadhi and Sanjen Hydropower have allotted the shares which the Rasuwa-based hydropower companies had floated to the selected public investors in two stages. Rasuwagadhi Hydropower (For Employee Provident Fund Depositors): Rasuwagadi Hydropower Company had issued 13,342,095 shares at Rs. 100…

Rasuwagadhi Hydropower and Sanjen Hydropower’s IPO to be allotted today

2018-04-01 The allotment of IPO of Rasuwagadhi Hydropower and Sanjen Hydropower will be made today at 2 PM. As per the reports, the allotment of the public offering of both the companies will be made on the basis of allotment module…

ICRA Nepal assigns Grade 5 rating to the upcoming 18.19 lakh unit IPO of Joshi Hydropower; Rating indicates poor fundamentals of the IPO issue

2018-03-30 ICRA Nepal has assigned as [ICRANP] IPO Grade 5 indicating poor fundamentals to the proposed Initial Public Offering (IPO) of Joshi Hydropower Development Company Limited. ICRA Nepal assigns IPO grading on a scale of IPO Grade 1 through IPO Grade…

Allotment of Sanjen and Rasuwagadhi most likely to conclude on Friday; Issue managers prepare to complete the necessary procedures

2018-03-29 The allotment of the IPO issue of both Sanjen Hydropower Company and Rasuwagadhi Hydropower Company is likely to be conducted on Friday. The issue managers of both the companies have made necessary provisions to conclude the allotment on Friday. The…

Rasuwagadhi Hydropower’s second stage issue collects around Rs 51.32 crore till the last day; oversubscribed by 1.67 times

2018-03-28 Rasuwagadhi Hydropower Company Limited has collected about Rs 51.32 crore from 9571 applicants till its last day (Chaitra 13, 2074). From the employees of Provident fund, 585 applications were received which garnered Rs 7,38,85,000. The amount is oversubscribed by 1.08…

IPO issue of Upper Tamakoshi Hydropower postponed by 1 month; Locals continue their protest against the allotment module

2018-03-28 The IPO issue of Upper Tamakoshi Hydropower has been postponed 1 month back. The locals of Dolakha district have been protesting against the allotment module of the IPO issue. The module was set to issue 10% IPO to the locals…

Butwal Power FPO Allotment concludes; total 84,804 valid applicants allotted 100% of their application; Rs 61.21 crore worth shares subscribed by underwriters

2018-03-28 NMB Capital Limited, the issue manager for 40.81 lakh units FPO shares of Butwal Power Company Limited (BPCL), has allotted the shares to the applicants. The allotment was held today at 9:00 AM at Butwal Power Company's premises, Buddhanagar, Kathmandu.…

Sparsha Laghubitta set to issue 2.40 lakh unit IPO for the public, Appoints Sanima Capital as the issue manager

2018-03-28 Sparsha Laghubitta Bittiya Sanstha is set to issue shares for the general public. It has made tie up with Sanima Capital assigning it as the issue manager for the purpose. Mr. Sajal Khadka from Sparsha Laghubitta and CEO of Sanima…

 

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