How To Check IPO Allotment Result
Sahas Urja Limited
The IPO result of Sahas Urja Limited will be published on 17th Ashoj 2078, Sunday (3rd October 2021, 9:00 AM). The shares issued to the public from 2021 September 22 to 26 (6th to 10th Ashoj 2078) will be allotted on Sunday.
How to Check Sahas Urja Limited IPO Allotment (Result):
You have to follow the following instruction to fast check the IPO result of Sahas Urja Limited:
Step 1: Log on to www.iporesult.cdsc.com.np
Step 2: You will see 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.
Other Ways to Check IPO Result of Sahas Urja:
- NIBL Ace Capital Limited Website: https://result.niblcapital.com
- CDSC IPO Result: https://iporesult.cdsc.com.np
- MeroShare Official Website: https://www.meroshare.cdsc.com.np
The company has 4,000,000 registered shares of which 1,200,000 shares are issued to the public. This is 30% of the company's paid-up capital. Out of the total 1,200,000 units, 4 lakh is already issued to the locals of the project affected area and the rest 20% i.e. 8 lakh units to the general public.
The issue had received applications from 23,46,627 valid applicants who had applied for a total of 2,92,69640 units. The issue was oversubscribed by more than 39.34 times.
As per the allotment module, a total of 74,400 applicants were allotted 10 units each via lottery, and the remaining 22,72,227 applicants were returned empty hands.
A total of 16,000 units were allotted to the staff of the company and 40,000 units were allotted to the mutual funds.
In total 8,820 applicants who applied for 1,08,760 units were disqualified.
The CEO of the company extended his gratitude for the general public's enthusiastic participation in the public issue. Welcoming the newly onboarded investors, he stated that the TPCL family has now become more than 80,800 members strong, and the company belongs to all of them.
After the IPO is issued in two phases, first to locals and then to the public, the promoter: public shareholding ratio of the company will be 70:30, and paid-up capital will be Rs 40 crore.
The IPO proceeds have been planned to be utilized towards the development of the 7.5-MW Upper Khorunga Small Hydropower Project. ICRA Nepal has assigned a rating of [ICRANP] IPO Grade 4+ to the proposed IPO of Terhathum Power Company Limited (TPCL), indicating below-average fundamentals.
Incorporated on August 16, 2009, as a private limited company, Terhathum Power Company Limited (TPCL) was converted to a public limited company on June 21, 2018. The paid-up capital of the company as of mid-July 2019 was NPR 280 million, which is 100% promoter held. After the proposed IPO, the same would reach NPR 400 million and would be held in a ratio of 70:30 by the promoters and the public. The major shareholders include Mr. Mohan Kumar Dangi (8%), Mr. Bhupati Lal Shrestha (4%), Mr. Ganesh Prasad Kattel (4%), Mr. Pramod Shrestha (3%), Mr. Bijay Sambhample (3%), Mr. Dharma Raj Khadka (3%), Mr. Lachhuman Tiwari (3%), Mr. Shiva Nath Khapung (3%), Mr. Bhawani Prasad Khapung (3%), Mr. Yadav Khapung (2%) and Mr. Mohit Dangi (2%). The rest of the ~65% shares are held by 275 individual shareholders.
Detail Information: Sahas Urja Limited
- Issue Manager: NIBL Ace Capital Limited
- Security Type: Common Stock – IPO
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