Singati Hydro Energy IPO Allotment Concludes (IPO Result)

April 9, 2021 | Investopaper

Singati Hydro IPO Allotment (IPO Result)

Singati Hydro Energy Limited has concluded the IPO allotment process. The issue manager Mega Capital Limited distributed 10 shares each to the 2,69,700 applicants through lottery. There were 15,65,530 total valid applicants for the IPO. Hence, 12,95,830 applicants were left empty handed.

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To view the IPO result, click the link below:

Singati Hydro IPO To General Public

After issuing the shares to the locals, Singati Hydro Energy Limited floated the IPO shares to the general public from Chaitra 6, 2077 BS.  The IPO issue closed on Chaitra 10, 2077 BS due to over-subscription of shares.

Singati Hydro Energy sold 9 lakh unit shares in the IPO. Out of the public issue, 2 percent or 58,000 shares was reserved for the employees. Likewise, 5 percent or 1,45,000 shares were allotted to the mutual fund schemes. Hence, the general public applied for the remaining 26,97,000 shares.

Interested investors could apply for a minimum of 10 shares and a maximum of 2,00,000 shares. The par value of each share was Rs 100.

Along with the locals, the company collected Rs 43.50 crores from the public offering.

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Singati Hydro IPO To Locals

In the first phase of the IPO, the hydropower issued 14.50 lakh shares to the locals of the project affected areas from Magh 4, 2077 BS. At the par value of Rs 100, the IPO to locals amounted to Rs 14.50 crores. The issue was set to close on Magh 18 if fully subscribed. However, due to undersubscription, it closed on Falgun 3, 2077 BS.

Locals of Bigu and Kalinchowk gaupalika of Dolakha district could submit the application to purchase the shares.. In the IPO, locals could apply for a minimum of 10 shares and a maximum of 200,000 shares.

Securities Board of Nepal (SEBON) provided the approval for the IPO on Poush 21, 2077 BS. The company has submitted the application to SEBON for IPO issuance on Bhadra 20, 2076.

Mega Capital Markets Limited is the issue manager for the IPO.

CARE Rating Nepal has given CARE NP BB- (Is) rating to the company for the public issue. This indicates that the company is moderately safe to meet financial obligations on time.

Singati Hydro Energy  Ltd. (SHEL) has got a license to develop 25 MW Singati Khola Hydropower Project in Dolakha District.

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6 thoughts on “Singati Hydro Energy IPO Allotment Concludes (IPO Result)

  • January 8, 2021 at 2:31 pm


    • January 9, 2021 at 12:09 pm

      In the first phase, the IPO is for locals. The general public will get the chance in the second phase.

  • January 18, 2021 at 2:30 am

    can we apply frm ktm ?? if yes then how??

  • January 27, 2021 at 2:02 am

    I am from Dolakha district but not from Bigu or Kalinchowk gaupalika. Can I apply in IPO for Local??

  • April 4, 2021 at 6:18 am

    why singati hydropower ipo allotment is too long?

  • July 30, 2021 at 7:13 am

    Hlw i like it


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