Khani khola Hydropower IPO allotment concludes: up to Rs 60,000 under lottery; above that flat 1.60% to all the Investors


    Khani khola Hydropower Company Limited has concluded its IPO allotment today at the premises of issue manager Civil Capital Market Limited located at Kathmandu Plaza, Kamaladi, Kathmandu at 8:00 AM.

    Allotment for investors who had applied from Rs 5000 or 50 units to Rs 60,000 or 600 units shares was decided through lottery and investors who had applied for Rs 61,000 or 610 units to Rs 100,000 or 1,000 units were allotted 1.60% on pro-rata basis.

    Khani Khola Hydropower Company had floated its Initial Public Offering (IPO) 9, 31,429 unit shares worth Rs 9.31 crore as part of its initial public offering (IPO) from Jestha 16, 2073 till Jestha 19, 2073.

    Interested people were required to apply for a minimum of 10 units of share and they can apply for up to 1,000 units of share.

    Civil Capital Market Limited was the issue manager for the IPO.

    Of the total 8, 66,229 unit shares set aside for general public, 40% or 346,491 units shares, were put aside for retail investors and 60% or 519,737 shares, under “other investor” category. Retail investors applied for a total of 22,113,650 unit shares and those in the others category demanded 31,172,890 units shares. Here, the total demand from the retails investors group exceeds more that 40% of total demand. When the demand from retail investors group exceed more than 40% of total demand then as per SEBON allotment directives, allotment is done as per flat basis.

    The shares set aside for retail investors were oversubscribed by 63.82 times and those set aside under other category were oversubscribed by 59.98 times.

    There were 235 invalid applicants, 8 mutual funds were allotted total 46,571 units and 18 staff get altogether 18,629 units. Out of total 130,082 valid applicants only 68,685 applicants were allotted shares.

    The authorized and issued capital of company is Rs 50 crore and Rs 46.57 crore respectively.  The paid up capital of the company remains at Rs 19.80 crore.

    After the IPO issuance, the promoter-people of affected area (Bhattedanda, Ikudole, Sankhu) – general public ratio of the company will be 70% to 10% to 20%.

    Source : Share Sansar