Ruru Hydropower IPO result has been declared. Sales manager NMB Capital issued the company’s IPO on Friday morning. Investors can check / view the IPO result and allotment status through an online portal.
The distribution of IPO issued by Ruru Hydropower Project Limited has been completed today. The IPO result distribution work has been completed at the central office of NMB Capital Limited, the manager of share issue and sale.
RuRu Hydropower IPO Result
According to the IPO prospectus, the refund process of RuRu Hydropower IPO result will begin on Monday after the share allotment. The credit of Ru Ru Jalbidhyut IPO result shares to Demat accounts will be done within Thursday, and the stock is likely to be listed by the next Monday.
Investors can check the website of the issuing registrar, MeroShare Technologies, to see if they have received the RuRu Hydropower IPO 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.
How to Check IPO Result of RuRu Hydropower
You can view RuRu Hydropower IPO result on the MeroShare website 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 Ru Ru Jalbidhyut IPO, go to Meroshare’s website at https://iporesult.cdsc.com.np/
Step 2: On MeroShare, select and then from the dropdown, select ‘RuRu Hydropower IPO result’
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 shares are allotted.
As there are more applications than demand in the IPO, RuRu Hydropower IPO result will be distributed by round-robin. While distributing through round-robin, 37909 applicants will receive shares at the rate of 10 units and the seven applicants will receive the remaining 77 shares at the rate of 11 units.
Alternative website to check RuRu Hydropower IPO allotment status
You can also visit the registrar website (NMB capital website) to check your allotment status.
- Visit the issuer website NMB Capital Limited https://www.nmbcl.com.np/
- Click on ‘Select company’ and click on ‘RuRu IPO result’. 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 shares allotted to you
The lucky numbers of IPO are 7 and 8 when the distribution is done through round-robin. In the IPO result issued by the company from April 6 to April 7, 1,669,566 applicants have applied for 2,33,77,220 lots. This is 61.65 times more than what was expelled for the general public.
Out of the 1683,121 applicants for the company’s IPO, 235,466,440 applications have been received, of which only 1,590,896 have been accepted.
Of the 1.5 million 90 thousand 896 applicants who had duly applied, 21.8 million 76 thousand 610 applications were received. Out of this, 37 thousand 916 applicants have received 37 lakh 9 thousand 167 shares through round robin. The remaining 7 lots have been re-run for distribution and 7 people have got 11 lots of shares.
Of those who have duly applied, 1.552 million have been left empty-handed. The company has opened IPO sale to the public since April 4. The company, which issued shares at a premium price, sold the shares at Rs 120 per share, adding a premium of Rs 20 to the face value.
The company had opened sale of 47,706 IPO lots to the public. Out of which 8,154 lots were allotted to the employees of the company and 20,385 lots to the collective investment fund. The company had earlier issued 47,705 shares to the project-affected locals from March 22. Those shares have already been distributed. ICRA Nepal has given a grade-3 rating to the company’s IPO.
The company is operating the 5 MW Upper Hugdi Khola project in Hugdi Khol. The project has been generating electricity since March 2015.Earlier, the financial media was also publishing the results, but recently CDS & Clearing Limited has made a rule that online media is not allowed to publish the results keeping in mind the privacy of the investors.