Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each
Fri, Oct 20, 2023 10:07 AM on Latest,
The IPO allotment of Mathillo Mailun Khola Jalvidhyut Limited is concluded today at the premises of issue manager Sanima Capital Limited, Kathmandu.
Mathillo Mailun Khola Jalvidhyut Limited had issued 12,84,200 unit IPO shares at par value of Rs 100 to the general public from 18th to 22nd Ashwin, 2080.
Earlier, the company had issued 10,00,000 unit shares to the project-affected locals of Rasuwa and Nuwakot District out of which only 990,800 units were allotted to valid applicants. Thus, the remaining 9,200 units of unsubscribed shares of project-affected locals are added to 15,00,000 units to make a total of 15,09,200 units for the general public.
Out of the total 15,09,200 units; 1,50,000 units have already been issued and allotted to Nepalese citizens working abroad, and 75,000 units are allotted for the mutual funds. The remaining 12,84,200 units are for the general public.
The issue had received applications from 11,85,642 valid applicants who had applied for a total of 1,28,66,060 units. The issue was oversubscribed by more than 10.01 times.
As per the allotment module, a total of 128,420 applicants were allotted 10 units each via lottery and the remaining 10,57,222 applicants were returned with empty hands.
A total of 75,000 units were allotted to the mutual funds.
In total 4,654 applicants who applied for 65,220 units were disqualified.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Sanima Capital Limited.
CARE Ratings Nepal Limited (CRNL) has assigned the ‘CARE-NP BB-’ rating to Mathillo Mailun Khola Jalvidhyut Limited. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations, in Nepal.
Mathillo Mailun Khola Jalvidhyut Limited is a public limited company, incorporated on August 14, 2012. It is promoted by institutional investors majorly related to Sanima Hydro group and other institutes which include Banks and Insurance companies also for setting up of a 14.3 MW run-of-river, Mathillo Mailun Khola Jalvidhyut Project in BOOT (Build, Own, Operate and Transfer) mechanism and located at Rasuwa district of Nepal.
