Hydroelectricity Investment & Development Company Limited (HIDCL) has started floating its Initial Public Offering (IPO) from Kartik 12. Today is the last day of IPO as per the notice published by the company. The IPO is oversubscribed by 10 times already till yesterday.
Sushil Kumar Aryal, Deputy CEO of Citizen Investment Trust Limited said, “The total collection of the IPO is approximately Rs 20 arba till yesterday (Kartik 18, 2072). Around 1 lakh 65 thousand application forms were received. It is only tentative data final data is yet to be compiled as more data are pouring in
There is a chance that the IPO issue will collect around Rs 27 arba till the last day, added Aryal.
The hydropower company is issuing a total 2 crore units of ordinary shares at face value of Rs 100. The company has allocated 10 lakhs units shares for the six mutual funds, 4 lakhs units shares for the staff members of HIDCL and 1 crore 86 lakhs units for general public.
Interested people must apply for a minimum of 50 units of share and they can apply for up to 50, 00,000 unit of share.
The issue managers for the IPO are Citizen Investment Trust, NCM Merchant Banking Limited and NMB Capital Limited.
The authorized and issued capital of company is Rs 50 arba and Rs 10 arba respectively. The Paid up capital of the company remains at Rs 8 arba. After the IPO, the paid up will reach Rs 10 arba. The net profit of last fiscal year stands at Rs 43.34 crore. HIDCL projected net profit for the fiscal year 2072/73 is Rs 56.03 crore.
ICRA Nepal, it has assigned ‘(ICRANP) IPO Grade 3’ to the IPO of Hydroelectricity Investment and Development Company which means that the offering holds average fundamentals.
source: sharesansar.com, 5 nov 2015
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Sushil Kumar Aryal, Deputy CEO of Citizen Investment Trust Limited said, “The total collection of the IPO is approximately Rs 20 arba till yesterday (Kartik 18, 2072). Around 1 lakh 65 thousand application forms were received. It is only tentative data final data is yet to be compiled as more data are pouring in
There is a chance that the IPO issue will collect around Rs 27 arba till the last day, added Aryal.
The hydropower company is issuing a total 2 crore units of ordinary shares at face value of Rs 100. The company has allocated 10 lakhs units shares for the six mutual funds, 4 lakhs units shares for the staff members of HIDCL and 1 crore 86 lakhs units for general public.
Interested people must apply for a minimum of 50 units of share and they can apply for up to 50, 00,000 unit of share.
The issue managers for the IPO are Citizen Investment Trust, NCM Merchant Banking Limited and NMB Capital Limited.
The authorized and issued capital of company is Rs 50 arba and Rs 10 arba respectively. The Paid up capital of the company remains at Rs 8 arba. After the IPO, the paid up will reach Rs 10 arba. The net profit of last fiscal year stands at Rs 43.34 crore. HIDCL projected net profit for the fiscal year 2072/73 is Rs 56.03 crore.
ICRA Nepal, it has assigned ‘(ICRANP) IPO Grade 3’ to the IPO of Hydroelectricity Investment and Development Company which means that the offering holds average fundamentals.
source: sharesansar.com, 5 nov 2015
LINK
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