Last day to grab 17.25 lakh unit IPO shares of United Modi Hydropower Limited
- ShareSansar, March 6, 2017 on Featured , IPO News , Latest , Stock Market
United Modi Hydropower Limited has been issuing 17,25,000 units shares worth Rs 17.25 crore to the general public as a part of their Initial Public Offering (IPO) from Falgun 19, 2073. Today is the last day of the IPO as per the notice published by the company. The IPO has already been oversubscribed by more than 5.45 times till the second day.
Interested people must apply for a minimum of 50 units and they can apply for a maximum of 15,000 shares.
Applicants can collect application forms and apply from NIBL Capital Markets, CBIL Capital, Kathmandu Capital Market, Vibor Capital, and designated branches of Gurkhas Finance, Guheshwori Merchant Banking and Finance, ICFC Finance, Synergy Finance, Hamro Bikas Bank, Green Dev Bank and Sajha Bikas Bank. Applicants can also apply from more than 1,971 branches of ASBA-approved banks in 73 districts around Nepal.
Applicants can also apply from more than 1,971 branches of ASBA-approved banks in 73 districts around Nepal.
The company has set aside 16,04,250 unit shares to the general public, 34,500 shares for its staffs and 86,250 shares for mutual funds.
United Modi Hydropower Limited had issued 11,50,000 units shares worth Rs 11.50 crore for the local people of Parbat district from Bhadra 26 to Ashwin 9, 2073. The paid up capital of United Modi Hydropower Limited currently stands at Rs 97.75 crore. After the IPO, their paid up capital will reach Rs 1.15 arba, and the shareholding ratio of promoter – people of the affected area – general public will be 75%-10%-15%.
United Modi Hydropower Limited operates 10MW Lower Modi-1 Hydropower project located in Parbat district. The hydropower company has also received approval for the construction of 10.5 MW Lower Modi-2 hydropower project. It aims to complete the construction within Asadh 2076.