Solu Hydropower's IPO is being distributed today, how many will get shares?
Kathmandu. The IPO of Solu Hydropower Limited will be distributed today. Nabil Investment Banking Limited and Himalayan Capital Limited will distribute the IPO today at 3:30 PM as the company's securities issuing and sales managers.
In the company's IPO, 25 lakh 70 thousand 422 people have applied for 3 crore 17 lakh 8 thousand 390 shares worth 3 billion 17 crore 8 lakh 39 thousand rupees. Which is 3.86 times more than the demand. In the IPO, 8 lakh 20 thousand will get shares at the rate of 10.10 per share. Since the company got permission to issue a total of 20 million IPO shares at the rate of 100 rupees per share, 10 million shares will be issued and distributed to those affected by the project and 1 million shares to those who are employed abroad.
The company now reserved 500,000 shares for the collective investment fund and 300,000 shares for the employees of the company, and the remaining 820,000 shares were opened to the general public.
In the rating given for the IPO issuance, Infomerics Credit Rating Nepal has given the company 'IRN Double B Issuer Rating'.
Express
Related News
How much has the general increase in the price of gold and silver reached per tola?
Kathmandu. On Wednesday, the price of gold in the Nepali market has increased. Today, the price of gold has increased by 1000 rupees per tola. According to the Federation of Nepal Gold and Silver Traders, on Wednesday, Rs 3 lakh 6 thousand 600 was...
The training and cultural program of National Life was grandly completed
Kathmandu. National Life Insurance Company Ltd. has completed a training and cultural program at the Hotel Royal Tulip in Lalitpur for the successful agents who have performed excellent work in accordance with the monthly plan issued in the month...
A rise of 47.55 points in NEPSE, the most traded among hydropower companies
Kathmandu. On the first trading day of the week, NEPSE index increased by 47.55 points to 2633.42. Today, 1 crore 34 lakh 68 thousand 145 shares of 328 companies were bought and sold, and 5 billion 53 crore 13 lakh shares were traded. Today, while...
277 customers blacklisted for not paying electricity tariff
Kathmandu. Bharatpur distribution center under Nepal Electricity Authority has blacklisted 277 customers who have not paid electricity tariff in the current financial year. According to the center, action has been initiated against customers who h...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 149 rupees 64 paisa and the selling rate is 150 rupees 24 paisa. Similarly,...
Start of Yarsa collection on Mustang
Kathmandu. Yarsagumba collection has started at various places in Mustang. Yarsagumba collection has started in the upper lake under Kunjo, Kowang and Tukuche conservation area management committee under Thasang rural municipality.
Yar...



