IPO Shares of Singati Hydro Energy Limited (SHEL) Are Finally Listed in NEPSE; What is the Opening Range?

1,45,00,000 shares of Singati Hydro Energy Limited (SHEL) are now listed in NEPSE.

The IPO allotment of Singati Hydro Energy Limited concluded on 2077/12/27. The company had opened its IPO to the general public from 6th Chaitra. The issue closed on 10th Chaitra, 2077, at the end of banking hours. The company has a total of 1.45 crore registered shares of which 29 lakh shares were issued in this IPO. Thus, the IPO raised a total of Rs. 29 crores in paid-up capital.

Out of the offered 29,00,000 units; 2% of the issue, i.e. 58,000 units were set aside for the employees of the company and another 5% to mutual funds i.e 1,45,000 units. The remaining 26,97,000 units were purely for individual investors. The issue received applications from 15,59,802 valid applicants who had applied for a total of 2,27,68,260 units. The issue was oversubscribed by more than 8.47 times. The IPO issue attracted the second-highest number of applicants as of the issue date.

As per the allotment module, a total of 2,69,700 applicants were allotted 10 units each via lottery, and the remaining 12,90,102 applicants returned empty hands. A total of 58,000 units were allotted to the staff of the company and 1,45,000 units allotted to mutual funds.

The opening range is set from Rs. 100 to Rs. 300 for the first transaction. If the first transaction is made at the prespecified range in the pre-open session tomorrow, the shares will trade from tomorrow itself.