Arun Kabeli IPO concludes today; up to 35k investment decided through lottery, above that till 50k allotted 2.67%, big investors allotted 1.97% on pro rata basis

Arun Kabeli Power Limited has concluded its IPO allotment today at Trade Tower, Thapathali at 3:30 PM. Allotment for small investors who had applied from Rs 5,000 or 50 units to Rs 35, 000 or 350 units shares was decided through lottery; whereas above that from Rs 36,000 or 360 units till Rs 50,00 or 500 units investors were allotted 2.67% shares on a pro rata basis and big investors having more than 50 thousand investment were allotted 1.97% again on a pro rata basis. 25 MW Arun Kabeli Power Limited had issued  30,00,000 unit shares worth Rs 30 crore as part of its Initial Public Offering (IPO) from Kartik 9, 2073 till  Kartik 12, 2073 at face value of Rs 100. Of the total 27,60,000 units shares set aside for public, 40% or  11,04,000 shares, were put aside for retail investors and 60% or 16,56,000 shares, under “other investor” category. Retail investors applied for a total of 4,13,30,000 unit shares and those in the others category demanded 8,39,34,160 units. Rs 50,000 investors got 13 units, whereas, Rs 15 lakh investors allotted 295 units share. The shares set aside for retail investors were oversubscribed by 37.44 times and those set aside under other category were oversubscribed by 50.68 times. Of the total 1,65,852 applicants, only 1,19,433 investors got the shares. There were only 144 invalid applicants. Altogether 45 staffs were allotted 90,000 units and 7 mutual fund schemes were given 1,50,000 unit shares. After the IPO, the paid up capital of the company will reach Rs 1.50 arba from the current Rs 1.20 arba which includes Rs 1.05 arba of promoter shareholders and Rs 15 crore collected from the project-affected area. The hydropower has authorized capital of Rs 1.50 arba. After the IPO, the promoter-people of affected area (Taplejung and Panchthar district) - public ratio of the company will be 70% to 10% to 20%. Arun Kabeli had issued 15, 00,000 unit shares worth Rs 15 crore as part of its IPO at face value of Rs 100 for the locals of project affected people of Taplejung and Panchthar district on Jestha 3, 2073 till Jestha 17, 2073. Check Here For IPO Result