Sanjen and Rasuwagadhi IPO closes after 5 PM today; almost 3 lakh investors applied both IPO till yesterday

Thu, Apr 25, 2019 6:09 AM on IPO/FPO News, Latest, Stock Market,
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 12, 2076). This issue was opened since Baisakh 6, 2076. The investors are requested to apply before banking hour today ie 5 PM.

As per the issue manager Citizens Investment Trust, a total of 2,90,150 applicants have applied for more than 1.35 crore units of shares till yesterday. The issue has been oversubscribed by almost 3 times.

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

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

Similarly, Rasuwagadhi Hydropower Company Limited 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 12, 2076). The investors are requested to apply before banking hour today ie 5 PM.

As per the issue manager, a total of 292,750 applicants have applied for more than 1.69 crore units of shares till yesterday. The issue is already oversubscribed by almost 2 times.

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.