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
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has remained at 143 rupees 36 paisa and the selling rate has remained at 143 rupees 96 paisa....
Stock markets rose by double digits, greener on Bikas Bank and Hydropower indices
Kathmandu. On the third day of the week, i.e. Tuesday, the stock market has increased by double digits. Today, the NEPSE index increased by 13.51 points to 2812.34 points. In the stock market today, 348,520,000 shares of 340 companies of various s...
National Life gave 1 day training to agents in Pokhara
Kathmandu. National Life Insurance Company has provided 1 day training to its agents. Kazim Raza, a well-known trainer in the insurance sector, provided training to 185 agents working in all branch offices of Gandaki province and some branch offic...
1.5 lakh shares of Muktinath Development Bank for sale at Rs 135 per share
Kathmandu. Muktinath Bikas Bank Limited has put founder shares on sale. The bank has put 1 lakh 56 thousand 283 shares for sale towards the founder group.
For the purchase of the said shares, any person or company should apply to the office...
VAT on electricity will be applicable from July 1 only
Kathmandu. The government has made it clear that the value added tax (VAT) imposed on electricity services will only be implemented from July 1. The Internal Revenue Department has said that even if the bill for electricity consumed in the month o...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 144 rupees 47 paisa and the selling rate is 145 rupees 38 paisa. Similarly,...



