Chirkhwa Hydropower IPO Result has been alloted with the Ball No.2 Today. Per the Issue Manager RBB Merchant Banking, the company’s IPO for General Public was successfully concluded today at 1 PM. As of the last date, 1,31,99,240 units were applied from 12,12,645 applicants. Only the 85,930 applicants have gotten a share in their portfolio. Here are more details about the Chirkhwa Hydropower IPO Result.
Chirkhwa Hydropower IPO Result was published on 12th Ashoj
Chirkhwa Hydropower has issued 8,59,300 shares to the General Public out of 9,95,300 Units. After deducting the percentage of shares to the Citizens abroad and Local Residents, the company has offered the remaining shares to the General public.
Out of 9,95,300 units of shares, 80,000 units are allotted to Foreign Nepelaese citizens, 16,000 units of shares for the company’s employees, and 40,000 units of shares for the Mutul funds.
With these, the remaining 8,59,300 units have been offered to the General public. Among them, the public has applied a total of 1,31,99,240 units. It means the share offering has been over-subscribed by 15.36 times.
Like other Hydropwer companies, it has also offered shares at the Par Value of Rs 100, where the company has offered this offering from the 23rd Ashwin to the 26th Ashwin 2080.
Also Read: Mirmire Laghubitta IPO Result: Analysis
Issued IPO Units (Total): 12,00,000 Units
Issued IPO Units (General): 8,59,300 Units
No. of Applicants: 12,12,645
No. of Applied Units: 1,31,99,240 Units
Subscription: Over-subscribed by 15.36 Times
Allotted Applicants: 85,930 (People Will get the Share)
Issue Price: Rs 100/Kitta (Must need to Apply at least 20 Kitta)
Opening Price Range: Rs
Issue Manager: RBB Merchant Banking
No. of Alloted Investors in IPO Result of Chirkhwa Hydropower Company Limited
The Allotment Process of Chirkhwa Hydropower Company Limited has been concluded today at 1 PM, 12th of Ashwin. Based on the source, only 85,930 applicants have the shares with the 10 units each.
About Chirkhwa Hydropower Limited
Chirkhwa Hydropower Limited is one of the Listed Hydropower companies in Nepal. Under the Company Act of 2063, the company is well-established and offered Shares to the General public to raise the equity capital for the first time.
The company is led by well-diversified professionals with extensive experience across different sectors to produce hydroelectric and contribute to the National pipeline. ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- to the company. With this, the company has a moderate risk of default regarding the timely servicing of financial obligations.
Analysis of Chirkhwa Hydropower
As we know, the Share Market has a Higher Degree of Risk. So, it’s wise to analyze the stock before buying or trading it. Here are the Key Financials of this Company,
Paid-up Capital: Rs 28 Crore
Capital (Post IPO): Rs 40 Crore
Total Assets: Rs 91.87 Crore
ICRA Rating: ICRANP-IR BB-
The Process to Check Chirkhwa Hydropower IPO Result
You can check the IPO Results of Chirkhwa Hydropower from the different methods. Here, we will share the two most accessible ways to check IPO Results in 2023.
Method I – Go to the RBB Merchant Banking Site
- Visit the Check IPO Result link of the RBB Merchant Banking Site; click Here to go.
- Now tap/click on the Choose Company and select the company from the Drop-down menu.
- Now, choose Chirkhwa Hydropower LTD IPO Result (General’s) and enter your 16-digit BOID Number.
- After that, click on Check, and you will get the result.
Method II – Go to the CDSC Site
- Go to the IPO Result page of CDSC; click here to go.
- Click on Dropdown and select the company (Chirkhwa Hydropower Ltd. (For the General Public) there.
- Enter your 16-digit BOID and then fill out the captcha.
- At last, click on View Result.