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....
The NEPSE index increased by 79.74 points!
Kathmandu. On the first day of the new financial year, the NEPSE index, a measure of stock trading in the stock market, rose by a high. According to the Nepal Stock Exchange, the NEPSE index increased by 79.74 points to 2,677.54.
The sensiti...
This is the progress report of Melamchi water supply project
Kathmandu. The Ministry of Water Supply has published the progress report related to the project of National Pride Melamchi Water Supply. The Ministry has released the progress details of the project through a press re...
What is the exchange rate of which foreign currency on Wednesday?
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 146 rupees 60 paisa and the selling rate is 147 rupees 20 paisa. Similarly,...
Export of cardamom increased by sixty percent
Bhadrapur. By the end of December of the current financial year 2082-083, the export of cardamom has increased by 60.10 percent. According to the statistics of the Mechi Customs Office, during that period, cardamom worth Rs. Ishwar Kumar Humagai,...
Janakpur Cigarette Factory in Pakhai to be reopened
Janakpur. The only cigarette factory in the country, Janakpur Cigarette Factory Limited, which was operating 62 years ago, is in the process of reopening. The Janakpur cigarette factory, which was unfortunately closed due to the political environm...



