Thursday, April 8, 2021

How to check IPO Results of Singati Hydro Energy Limited

The IPO allotment of Singati Hydro Energy Limited is concluded today in the premises of issue manager Mega Capital Markets Limited.As per the allotment module, a total of 2,69,700 applicants were allotted 10 units each via lottery, and the remaining 12,90,102 applicants were returned empty hands.

A total of 58,000 units were allotted to the staff of the company and 1,45,000 units allotted to mutual funds.5,728 applicants who applied for 81,410 units were disqualified as per the issue manager.

Singati Hydro Energy Limited has closed its IPO on 10th Chaitra, 2077.The company had opened its IPO to the general public from 6th Chaitra.

2% of the issue, i.e. 58,000 units were set aside for the employees of the company and another 5% to mutual funds i.e 1,45,000 units. The remaining 26,97,000 units were purely for individual investors.

Mega Capital Markets Limited was appointed as the issue manager for the IPO issuance.

The company issued 43,50,000 units of IPO shares, out of which 14,50,000 units of shares are already offered to locals of project affect areas in the first phase and the issue for the remaining shares is now closed.

As per data,  the issue is oversubscribed over 9.16 times and has received the second-highest volume of applications in an IPO issue ever, second only to the record-breaking number of applicants in the IPO issue of Jyoti Life Insurance. The lottery is confirmed for 10 units each to lucky 2,67,700 applicants.

CARE Ratings Nepal Limited (CRNL) has assigned ‘CARE-NP BB- (Is)’ rating to SHEL.

Once results get published, Investors can now view the result of Singati Hydro Energy Limited  IPO through three mediums.

click [ HERE ] to view ways to check IPO results of  Singati Hydro Energy Limited