Dibyashwari Hydropower IPO allotment for locals concludes today; Small & Big investors allotted 59.79% & 18.91 % respectively

Dibyashwari Hydropower has concluded its IPO allotment for the locals of the Sankhuwasabha district (Dhupu, Syabun, Wana VDC and ChainpurMunicipality Ward no. 8,9,11 project affected area)  today at the  at the premise of the issue manager Ace Capital Limited.. Of the total  2,64,000 unit shares shares set aside for public, 40% or 1,05,600 unit shares, were allotted to retail investors and 60% or 1,58,400 unit shares, were allotted to other investors on pro-rata basis. Total 733 applicants had applied for a total of 10, 14,370 shares. The big investors are allotted 18.91% and small investors get 59.79% of the total investment. The shares set aside for retail investors were oversubscribed by 1.67 times and those set aside under other category were oversubscribed by 5.29 times. The hydropower had issued 2,64,000 unit shares worth Rs 2.64 crore as part of its InitialPublic Offering (IPO) at face value of Rs 100,  for the locals of  Sankhuwasabha district from Falgun 30, 2072 till Chaitra 14, 2072. The IPO was oversubscribed by 3.84 times. Ace Capital Limited has been assigned as the issue manager for the IPO issue. The authorized and issued capital of company is Rs 56 crore and Rs 26.40 crore respectively.  The Paid up capital of the company remains at Rs 19.80 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 26 crore. After the IPO for the locals of project affected area, the company will be floating 3,96,000 units shares as a part of IPO  for the general public.