Chhyangdi Hydropower Limited had issued 5,40,000 unit shares worth Rs 5.40 crore as part of its Initial Public Offering (IPO) to the general public from Jestha 14, 2074 till Jestha 18, 2074. The IPO has been oversubscribed by more than 74.13 times till last day.
As per an official of Global IME Capital, the issue manager for the IPO, “the issue has collected Rs 3 arba 72 crore from 90,098 applications till last day from both regular and ASBA.”
“The IPO has collected Rs 47.26 crore from regular applications and Rs 1.46 arba from ASBA collections on the last day. 35,200 applicants submitted the application via ASBA forms and 15,500 applicants submitted via regular application forms. It is only tentative data and final data may vary, added the official.
|
Days |
Total Collection (Rs)
Both ASBA & Regular |
Number of Application Forms |
| First day |
21.89 crore |
4,082 |
| Second day |
59.95 crore |
12539 |
| Third day |
96.51 crore |
22684 |
| Fourth day |
1 arba 93 crore |
50,793 |
| Total |
3 arba 72 crore |
90,098 |
Since the IPO collection has received less than 1 lakh applicants, the allotment must be concluded within 40 days i.e. within Ashad 27, 2074.
The hydropower company had set aside 10,800 unit shares for its employees and 5% or 27,000 unit shares for the 10 mutual fund companies. The mutual fund schemes are Nabil Balanced Fund-1, Nabil Equity Fund, NMB Sulav Investment Fund – 1, NMB Hybrid Fund L-1, NIBL Sambriddhi Fund – 1, NIBL Pragati Fund, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Sammunat Scheme. The company has allocated 5,02,200 unit shares to general public.
The authorized capital of company is Rs 50 crore. The paid up capital of the company remains at Rs 21.60 crore. After the IPO for the general public, the paid up will reach Rs 27 crore.
Recently, Chhyangdi Hydopower had also issued 2, 70,000 unit IPO shares worth Rs 2.70 crore for the locals of project affected people of Lamjung district.
After the IPO, the promoter-people of affected area (Lamjung district) – public ratio of the company will be 70% to 10% to 20%.
Chhyangdi was established on September 2, 2007 as a private limited company. The company is developing Channdi Khola Hydropower project (2 MW) in Lamjung district, Nepal.
