Sanjen and Rasuwagadhi Hydropower closing IPO issue, investors can apply till banking hour today; problem in meroshare login continues

Tue, Apr 23, 2019 6:38 AM on IPO/FPO News, Latest,
Sanjen and...

Sanjen Jalavidhyut Company Limited under the “Janata ko Jalavidhyut” scheme of government is closing the issue of  54,75,000 units ordinary shares worth Rs 54.75 crore to the general public from today (Baisakh 10, 2076). This issue was opened since Baisakh 6, 2076. The investors are requested to apply before banking hour today.

As per the issue manager Citizens Investment Trust, a total of 1,58,570 applicants have applied for more than 80.85 Lakh units of shares till today. The issue has been oversubscribed by 1.62 times till 3rd day.

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.

Applications can be place for minimum 10 units and maximum 2,000 units. The par value of share is Rs 100.

Citizens Investment Trust has been appointed as the issue manager for the IPO issuance whereas as Sunrise Capital Limited and NMB Capital Limited has been appointed as the co-issue manager.

Click Here for Sanjen IPO Closing Notice

Similarly, Rasuwagadhi Hydropower Company Limited under the “Janatako Jalavidhyut” scheme of the government is also closing the issue of 1,02,63,150 units ordinary shares worth Rs 1.02 arba to the general public from today (Baisakh 10, 2076). The investors are requested to apply before banking hour today.

As per the issue manager, a total of 158,725 applicants have applied for 9,906,450 units of shares till today. The issue is already oversubscribed till 3rd day.

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.

Applications can be place for minimum 10 units and maximum 5,000 units. The par value of share is Rs 100.

Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance whereas as NIBL ACE Capital Limited, Sunrise Capital Limited and Global IME Capital Limited has been appointed as the co-issue manager.

Click Here for Rasuwagadhi IPO Closing Notice

Problem in MeroShare Login

Meroshare Login, by CDS and clearing limited had been facing issues with the access and login. The investors were not able to apply for the IPO issue of various companies due to the same till now. As per the officials at CDS, the issue was faced because number of companies’ IPO issue was open due to which the website could not handle the load of applicants.