Know the minimum units of share investors will get in Sanjen and Rasuwagadhi Hydropower IPO

Thu, Apr 25, 2019 7:09 PM on IPO/FPO News, Latest, Stock Market,
Know the m...

Sanjen Jalavidhyut Company Limited under the “Janata ko Jalavidhyut” scheme of government has closed the issue of  54,75,000 units ordinary shares worth Rs 54.75 crore to the general public from today (Baisakh 12, 2076). This issue was opened since Baisakh 6, 2076. 

Out of the offered 54,75,000 units, 4% i.e. 2,19,000 units have been set aside for the employees of the company and 5% i.e. 2,73,750 units have been allotted for the mutual funds. The remaining 49,82,250 units are for the general public. The issue capital of the company is Rs 3.65 arba and 15% share of issue capital is being offered to general public.

As per the issue manager, a total of 303,701 applicants have applied for more than 1.41 crore units of shares till closing day. The issue is oversubscribed by almost 2.83 times.

Now it's confirm that every investors will get minimum 10 unit shares and lucky investors might get extra 10 units as per the number of applicants and available units to general public.

SEBON has given instruction to extend ongoing Sanjen and Rasuwagadhi IPO issue after the continues disturbance in Meroshare login

Similarly, Rasuwagadhi Hydropower Company Limited has also closed the issue of 1,02,63,150 units ordinary shares worth Rs 1.02 arba to the general public from today (Baisakh 12, 2076). 

Out of the offered 1,02,63,150 units, 4% i.e. 4,10,526 units have been set aside for the employees of the company and 5% i.e. 5,13,157 units have been allotted for the mutual funds. The remaining 93,39,467 units are for the general public. The issue capital of the company is Rs 6.84 arba and 15% share of issue capital is being offered to general public.

As per the issue manager Siddhartha Capital Limited, a total of 307,000 applicants have applied for 1.76 crore units of shares till today. The issue has been oversubscribed by 1.88 times.

Here, the investors applying 10-30 units will be allotted full applied shares and also there is high chance of getting more shares for those investors who applied more than 30 units.

(NOte: Expectation are done solely based on shares available to general public and the number of applicants. The figure might change slightly once issue manager finalized the valid applicants and applied lot size.)