IPO Allotment of Pure Energy Concluded [IPO Result !!!]
April 24, 2025 | Investopaper
IPO Allotment Of Pure Energy Limited
Nabil Investment Banking Limited, the issue manager for the initial public offering (IPO) of Pure Energy Limited, has concluded the IPO allotment process on Thursday.
After the allotment, 1,19,520 applicants have received 10 shares each through lottery.
A total of 18,46,664 valid applicants had subscribed for the shares. With the allotment, more than 17.27 lakh applicants were left empty-handed.
To view the IPO result of Pure Energy Limited, click the link below:
IPO Result Of Pure Energy Limited
Second Phase: IPO To General Public
After the first phase, Pure Energy Limited had issued the shares to the general public in the second phase of an initial public offering (IPO) from Chaitra 28, 2081 BS.
Due to over-subscription of shares, the second phase of the IPO was closed on Baisakh 2, 2082 BS.
The company had sold 11,95,200 shares at Rs. 100 per share to the general public.
Interested investors could apply for a minimum of 10 shares and a maximum of 100,000 shares.
The company had allotted 72,000 shares to the mutual fund schemes and had reserved 28,800 shares to the employees.
First Phase: IPO To Foreign Employed Nepalis
In the first phase of the IPO, the company had floated shares to the locals of the project affected areas and foreign employed Nepalis from Falgun 20, 2081 BS.
The hydropower company sold 1,60,000 shares to the locals of Banke district. Due to full-subscription of shares, the IPO to locals was closed on Chaitra 5, 2081 BS.
Interested locals of Banke district could subscribe for a minimum of 10 shares and a maximum of 16,000 shares.
Similarly, the company issued 1,44,000 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Falgun 20, 2081 BS. The IPO to foreign employed Nepalis was closed on Chaitra 5, 2081 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 7,200 shares.
In total (including the first and the second phase), the company will sell 16,00,000 shares that amounts to Rs. 16 crores in the public offering (IPO).
For this purpose, Securities Board Of Nepal (SEBON) had given the permission to the company on Falgun 2, 2081 BS. The company had submitted the application to the board on Magh 29, 2080 BS seeking permission to issue the shares to the general public. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
Nabil Investment Banking Limited is the issue and sales manager for the IPO.
As of Poush end 2081 BS, the company has a paid-up capital of Rs. 64 crores. After the IPO (if fully subscribed), the total capital will increase to Rs. 80 crores.
About Pure Energy Limited
Pure Energy Limited was established on June 19, 2018. The company is currently developing a 20 MW solar power project Banke district of Nepal. The solar project is being set up in 2 phases (Block-1 and Block-2) having installed capacity of 10 MW under each phase.
The estimated cost of the project is Rs. 224.86 crores which translates into per MW cost of Rs. 11.24 crores. The project is being funded in a debt-equity ratio of 67:33.
The company is mainly promoted by the individuals of Golyan group and Renergo Developers.
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