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
Stock market at 2654 points, turnover exceeded 7 billion
Kathmandu. On Sunday, the first trading day of the week, the stock market closed with an improvement in normal numbers. Nepal Stock Exchange NEPSE index increased by 7.06 points to 2654 points. Along with the index, there has been an encouraging i...
Orange sales worth 269 million this year in Baglung
Dhorpatan. This year, Baglung has produced oranges worth Rs. 269 million. With the increase in the interest of farmers towards orange cultivation, the production has increased. Compared to last year, oranges worth Rs 44 lakh more have been produce...
Heavy fall in the price of gold, how much per tola on Thursday?
Kathmandu. The price of gold has fallen drastically. The gold tola has fallen by 5 thousand 500 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at 285,000 rupees per tola today.
On the other h...
Beni Hydropower's IPO is open to public
Kathmandu. Beni Hydropower Project Limited has opened its initial public offering (IPO) sale to the general public from today. The company has issued 8 lakh 63 thousand 200 shares to the general public at a price of Rs 100 per share.
The Nep...
NEPSE decreased by 13 points, turnover exceeded 5 billion!
Kathmandu. On the fourth trading day of the week, the NEPSE index fell by 13.35 points to 2635.94 points. Today, when 1.6 million shares of 323 companies were bought and sold, the total turnover reached 5.17 billion rupees.
In trading, the s...
Minister Ghising said on the monitoring of Mahakali irrigation, talks are being held with India about releasing water
Kathmandu. Energy, Water Resources and Irrigation, Physical Infrastructure and Transport and Urban Development Minister Kulman Ghising has inspected the Tanakpur Barrage at Brahmadev in Kanchanpur. While inspecting the...



