Synergy Power IPO Final Update: Collected Rs 6.81 arba till last day, Small and large investors likely to get 3.28% and 2.65% shares

Synergy Power Development Limited has been issuing 21,00,000 unit shares worth Rs 21 crore as part of its Initial Public Offering (IPO) for the general public from Poush 8, 2073 at the face value of Rs 100. Sanima Capital Limited has been assigned as the issue manager for the IPO issue. As per an official of Sanima Capital Limited, “The IPO has collected approximately Rs 6 arba 81 crore till last day.  Around 1,28,580 application forms were received.” The IPO has been oversubscribed by 35 times (approx) till last day. Sharesansar has roughly calculated the allotment percentage considering the demand and  issue size.  As per our calculation, small investors who applied up to Rs 50,000 are likely to get 3.28% and large investors who applied for more than Rs 50,000 are likely to get 2.65%. This calculation is just an approximate guess, so the final allotment may vary. The hydropower company has set aside 3% or 63,000 unit shares for its employees and 5% or 105,000 unit shares for the 10 mutual fund schemes: Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1, Global IME samriddhi Fund-1, Nabil Equity Fund , NMB Hybrid Fund L-1 and NIBL Pragati Fund. The company has set aside 19,32, 000 unit shares to the general public. The hydropower company has an authorized capital of Rs 70 crore. After the IPO, the paid up capital will reach Rs. 70 crore from the current capital which includes 42 crore promoter and 7 crore collected from the project-affected area. After the IPO, the shareholding ratio of promoters, public of the project-affected area (Dolakha district), and general public will be 60%-10%-30%. Synergy Power is developing 10MW Sipring Khola Hydropower Project in Dolakha district. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the Initial Public Offering (IPO) of Synergy Power Company. IPO Allotment Calculator