Union Hydropower allotment concludes; valid applicants fully allotted shares, remaining 1.23 Lakh shares allotted to the underwriters

Thu, May 2, 2019 4:59 PM on Latest, Share Allotment, Stock Market,
Union Hydr...

The IPO allotment of Union Hydropower Company Limited took place today at the premises of Laxmi Capital.

As per the issue manager Laxmi Capital Limited, 45,462 applicants have applied for 3,410,810 units till closing. This is the final and verified data, and mentioned number of applicants will go for allotment. There has been variation in data due to high number of disqualified applicants.

As per the allotment module, since the issue has remained undersubscribed, all valid applicants have been fully allotted shares as per demand. The remaining 123,530 units of shares have been allotted to the underwriters of the issue, Laxmi Capital and Prabhu Capital in the predetermined rate.

Earlier, the company had issued 750,000 lakh units (10% of the issue capital) to the locals of the project affected of Lamjung district. Out of the total issue only 128,219 units were subscribed by the locals and 621,790 units remain under subscribed.

Union hydropower Company ltd.

Allotment Model

In compliance to securities Issuance and Allotment Directive, 2074

Issuing company :

Union Hydropower Co.Ltd.

Issue Manager :

Laxmi Capital Market Limited

Total Kitta Issued :

35,34,340

Total Applicant in CASBA

                                                         47,185

Total Applied Kitta in CASBA

36,89,870

Total Vaild Applicant

                                                         45,462

Total Vaild Kitta

34,10,810

Total Allotted Kitta

34,10,810

Remaining For Underwriter

                                                       123,530

Issue Open Date

12/13/2075

Issue Close Date

01/12/2076

Allotment Date :

01/19/2076