Know the Status of IPO Collection of Upper Hewakhola, Upper Solu Hydro Electric and Himalayan Hydropower

CDS & Clearing Limited (CDSC) has reported the data of locals IPO collection of Himalayan Hydropower Limited, Upper Hewakhola Hydropower Company Limited and Upper Solu Hydro Electric Company Limited as of 10 am today i.e Jestha 16.

Himalayan Hydropower Limited (HHL) has been issuing its 9,00,000 unit IPO shares to the project-affected locals of Kaski District (Madi VDC) from 25th Baisakh and was supposed to conclude on 8th Jestha but the deadline was extended till today i.e 16th Jestha, 2079. However, the issue is still unsubscribed and the deadline is re-extended to 23rd Jestha, 2079. Applications can be placed for a minimum of 10 units and a maximum of 100,000 units. Global IME Limited has been appointed as the issue manager for the IPO issuance.

According to CDSC, 332 applicants have applied for a total of 1,19,780 units. Thus, the issue is undersubscribed by 86.69% in terms of the number of units. Only 13.31% of the total issue has been subscribed till now.

Similarly, Upper Hewakhola Hydropower Company Limited (UHHCL) has been issuing its IPO to the project-affected locals of Sankhuwasabha district from 10th Jestha and will close on 24th Jestha, 2079. If unsubscribed, the issue can be extended up to Ashadh 08, 2079. A total of 5,00,000 shares are being issued at a par value of Rs. 100 per share. The interested locals can place their applications for a minimum of 10 units and a maximum of 1,00,000 units. NMB Capital has been appointed as the issue manager for the IPO issuance.

According to CDSC, 752 applicants have applied for a total of 99,970 units. Thus, the issue is undersubscribed by 80.01% in terms of the number of units. Only 19.99% of the total issue has been subscribed till now.

Likewise, Upper Solu Hydro Electric Company Limited (USHEC) has been issuing a total of 13,50,000 units of shares i.e., 10% of the total issued capital at a par value of Rs. 100 per share from 22nd Baisakh and was supposed to conclude on 5th Jestha, 2079. However, the deadline had been extended till Jestha 20 as the issue was not subscribed fully. The interested locals can place their applications for a minimum of 10 units and a maximum of 1,00,000 units. NMB Capital is appointed as the issue manager for the IPO issuance.

According to CDSC, 5,839 applicants have applied for a total of 16,69,180 units. Thus, the issue is already oversubscribed by 23.64% in terms of the number of units.