25 MW Arun Kabeli Power Limited had been issuing 15,00,000 unit shares worth Rs 15 crore as part of its initial public offering (IPO) at face value of Rs 100 for the locals of project affected people of Taplejung and Panchthar district from Jestha 3, 2073 till Jestha 17, 2073.
Siddhartha Capital Limited was the issue manager for the IPO issue.
Of the total 15, 00,000 unit shares, the hydropower company has set aside 6, 00,000 unit shares for the core project affected area of (Nagi, Amarpur and Tharpu VDC’s) of Panchthar district and (Sablakhu, Sinam, Thumbedin and Chaksibote VDC’s) of Taplejung district and remaining 9, 00,000 unit shares for the rest of VDC’s of Taplejung and Panchthar district.
The small investors of the core project affected areas are allotted 26.01% whereas small investors of remaining area are allotted 16.89% of the total investment.
Big Investors of the core project affected areas are allotted 5.51%, whereas big investor of the remaining area are allotted 5.39% of the total investment.
Total 4,557 applicants had applied for a total of 6, 00,000 unit shares set aside for the investors core project affected area out of which only 3 were invalid applicants. Out of 6, 00,000 unit shares, 240,000 unit shares were set aside for retail investors and 360,000 unit shares were set aside for big investors. The retail investors’ side was oversubscribed by 3.84 times, whereas big investors’ side was oversubscribed by 18.14 times.
Total 10,184 had applied for 9, 00,000 unit shares set aside for the rest of VDC’s of Taplejung and Panchthar district out of which only 26 were invalid applicants. Out of 9, 00,000 unit shares, 360,000 unit shares were set aside for retail investors and 5,40,000 unit shares were set aside for big investors. The retail investors’ side was oversubscribed by 5.92 times, whereas big investors’ side was oversubscribed by 5.39 times.
The authorized capital of company was Rs 1 arba 50 crore. After the IPO for the locals of project affected area, the paid up has reached Rs 1 arba 20 crore.
The company will be floating 30, 00,000units shares i.e. 20% of the paid up capital as a part of IPO for the general public and staff of Arun Kabeli power company.
Source : ShareSansar
