February 20, 2019 | Investopaper
The Initial Public Offering (IPO) of Universal Power Company Limited is fully subscribed by the public. Siddhartha Capital, the issue manager for the IPO has published the notice regarding the closure of the issue. Due to oversubscription, the issue will close today (Falgun 8, 2075) after the close of banking hours.
Universal Power Company has issued a total of 93,27,410 shares to the public. This included 1,86,584 shares to the employees of the company, 4,66.370 shares to the mutual funds and 86,74,492 shares to the general public.
The company opened the IPO on Magh 25, 2075.
ICRA Nepal has given IPO Grade 4 ratings to the company’s IPO which indicates that the fundamentals of the company are below average.
The interested applicants can still apply for the shares before the close of banking hours today.