Mailung Khola Hydropower IPO result has been declared. Sales manager Siddhartha Capital Limited has released the company’s IPO on Tuesday morning 10th August 2021. Investors can check/view the IPO result and allotment status through an online portal.
The distribution of IPO issued by Mailung Khola Hydropower Company Limited will be completed on Sunday. The IPO result distribution work will be complete at the central office of Siddhartha Capital Limited, the manager of share issue and sale.
Mailung Khola Hydropower IPO result
According to the IPO prospectus, the refund process of the Mailung Khola Hydropower IPO result will begin on Tuesday after the share allotment. The credit of Mailung Jal Vidhyut IPO result shares to Demat accounts will be done within Thursday, and the stock is likely to be listed by the next Monday.
The Mailung Khola Hydropower IPO open date is 29th July, 2021, and the close date is 2nd August, 2021. The issue may list on 16th August, 2021.
|Company Name||Mailung Khola Hydropower|
|IPO Open Date||29th July 2021|
|IPO Close Date||2nd August 2021|
|Basis of Allotment Date||By 8th August 2021|
|Initiation of Refunds||10th August 2021|
|Credit of Shares to Demat Account||14th August|
|IPO Listing Date||16th August|
|Mailung Khola IPO result||Result link|
Investors can check the website of the issuing registrar, MeroShare Technologies, to see if they have received the Mailung Khola Hydropower Result shares of the company they applied for.
The website of the registrar will seek certain information. On the page for allotment status, investors can use their application DEMAT or BOID number to check their allotment status on https://meroshare.cdsc.com.np/.
Mailung Khola Jal Vidhyut IPO Allotment Status
As we discussed earlier, the Mailung Khola Jal Hydropower IPO Allotment Status IPO Allotment was to be conducted on 8th August 2021 but it could not. So now the investors are waiting to check their Mailung Khola Jal Vidhyut IPO result status.
The given link will be activated soon. You will have to visit the official portal and then you will have various options where you need to follow the procedure which is mentioned exactly on this page.
Sales manager Siddhartha Capital said that 35 times more applications were received for the purchase of the company’s shares than the last day before the last day. According to Capital, a total of 1,776,711 people have applied for a total of 7,36,286 shares as of Sunday evening, with a maximum of 241,63,480 shares. This is 35.28 times more than the demand.
How to Check IPO Result of Mailung Khola Hydropower
You can view the Mailung Khola Hydropower results on the MeroShare website https://iporesult.cdsc.com.np/ by going to the application report and entering your Demat number or BOID number. Here is how you can check the share allocation status.
- Step 1: To get allotment status for Mailung Hydropower IPO, go to Meroshare’s website at https://iporesult.cdsc.com.np/
- Step 2: On MeroShare, select and then from the dropdown, select ‘Mailung Khola Jal Vidhyut’
- Step 3: Enter your BOID or DMAT number and any other required details.
- Step 4: You will see allotment status where the share is allotted or not marked question on the screen.
Please note the details will only be available once the Mailung Khola Hydropower shares are allotted.
The issue and sale manager of the company is Siddhartha Capital Limited . ICRA Nepal has given microfinance an ICRP Issuer Rating Triple B rating for the issuance of shares. The institution shows moderate safety when it comes to medium risks associated with its credit portfolio and the timely fulfillment of its financial obligations. An official rating is valid for a period of one year after the date of issuance.
As there are more applications than demand in the IPO, the Mailung Khola Hydropower IPO result will be distributed by round-robin. While distributing through round-robin, 5,80,500 applicants will receive shares at the rate of 10 units.
Mailung Khola IPO allotment status
You can also visit the registrar website ( Siddhartha Capital Limited website) to check your allotment status.
- Visit the issuer website https://www.siddharthacapital.com/
- Click on ‘Select company’ and click on ‘Mailung Jal Vidhyut’. It will only appear after the allotment of shares.
- Once the company is selected, you will have to enter either your Demat number, the application number.
- Enter the captcha and click ‘submit’.
- Once you click ‘submit’, the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of Mailung Khola Jal Vidhyut IPO shares allotted to you.
Siddhartha Capital Limited, the manager of share issue and sale of insurance, submitted the report to the board after making a pre-allotment this morning. Capital has distributed the shares as soon as it got the approval of the board.
Malung Khola Hydropower Company had issued Initial Public Offering (IPO) from 29th July to 2nd August.. The company issued 736,286 shares at a face value of Rs 100 per share on Thursday. General investors will be able to apply for 668,746 lots.
The remaining 14,726 shares have been allotted to employees and 36,814 shares to collective investment funds. Applications for the shares can be submitted till July 30. Mailung Khola Hydropower, has stated that the deadline will be extended till July 11 if the application is not received as per the demand within that period. The public will be able to apply for a minimum of 10 lots and a maximum of 100,000 lots in the IPO.
All C-ASBA member banks and financial institutions that have received approval from the Nepal Securities Board can apply for the company’s IPO from the designated branch office and also from the My Share mobile app.
At present, the paid-up capital of the company is Rs. 294.514 million. After the IPO sale, the company’s paid-up capital will reach Rs 368.143 million.
According to CDSC, 92% of the total applications received so far have been received online. Out of the total applications for ordinary shares of Mailung Khola Hydropower, 21 lakh 82 thousand 775 applications have been received online. The remaining 6% have physically filled the shares by going to banks and financial institutions.