Sanjen Jalvidhyut and Rasuwagadhi Hydropower allotment process concludes; all valid applicants allotted shares

Thu, May 2, 2019 2:55 PM on Latest, Share Allotment, Stock Market,

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 on Baisakh 12, 2076. This issue was opened since Baisakh 6, 2076. The allotment process took place today in the premises of Energy Ministry.

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 288,897 valid applicants were received for 12,996,220 units of shares till closing day. The issue was oversubscribed by 2.78 times. Number of invalid applicants stood at 11,700 who had applied for 8.73 Lakh units of shares.

As per the allotment module, all valid applicants have been allotted minimum 10 unit shares and lucky 209,328 applicants have been allotted extra 10 units.

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 Baisakh 12, 2076. The allotment process took place today in the premises of Energy Ministry.

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 291,272 valid applicants had applied for 16,120,470 units of shares till closing. The issue has been oversubscribed by 1.83 times. Number of invalid applicants was 11,071 who had applied for 9.87 Lakh units of shares.

As per the allotment module, applicants applying for 10-40 units have been fully allotted shares as per demand. The remaining shares were allotted via lottery among 25,693 lucky applicants who had applied for more than 40 units.

The IPO result can be accessed by sharesansar.com- IPO result page.