Mid-Solu Hydropower IPO Result has been concluded for the General Public. As per the Issue Manager NIC Asia Capital, the company’s IPO for General Public has been concluded successfully. On Monday, The Pre-Allotment process was completed per the Capital, and the Mid Solu Hydropower IPO Result was published finally. Here are more details about the Mid-Solu Hydropower IPO.
Mid-Solu Hydropower IPO Result is Publish with Ball No. 4
Mid-Solu Hydropower has issued 6,21,172 shares to the General Public out of 7,48,400 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 7,48,400 units of shares, 10% shares (74,840 units) are already allotted to Foreign Nepelaese citizens, 2% (14,968 units) for the employees of the company, and 5% (37,420 units) for the Mutul funds.
With these, the remaining 6,21,172 units have been offered to the General public. Among them, the public has applied a total of 1,51,22,250 units. It means the share offering has been over-subscribed by 24.34 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 29th of Bhadra to the 2nd of Ashwin. So, at 5 PM Today the company has alloted the shares to a total of 62,118 Applicants out of 13,54,846 applicants.
Issued IPO Units: 6,21,172 Units
No. of Applicants: 13,54,846
No. of Applied Units: 31,51,22,250 Units
Subscription: Over-subscribed by 24.34 Times
Allotted Applicants: 62,118 (People got the Share)
Issue Price: Rs 100/Kitta (Must need to Apply at least 20 Kitta)
Opening Price Range: Rs
Issue Manager: NIC Asia Capital
No. of Alloted Investors in IPO Result of Mid-Solu Hydropower Company Limited
The Allotment Process of Mid Solu Hydropower Company Limited will be concluded on the 12th of Ashwin. Based on the source, only 62,110 applicants will get the shares with the 10 units each.
About Mid Solu Hydropower Limited
Mid-Solu Hydropower Limited is one of the Listed Hydropower companies in Nepal. The company was incorporated on the 19th of April 2017 and turned into a public limited company on the 30th of June 2021. 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. The company is developing the Mid Solu Khola Hydropower Project of 9.5MW.
Analysis of Mid-Solu Hydropower
As we know, the Share Market has a Higher Degree of Risk. So, analyzing the stock before buying or trading it is wise. Here are the Key Financials of this Company,
Paid-up Capital: Rs 59.87 Crore
Capital (Post IPO): Rs 74.84 Crore
Total Assets: Rs 2.17 Arba
Equity Investment: Rs 1.35 Arba
ICRA Rating: ICRANP IR BB+
The Process to Check Mid Solu Hydropower IPO Result
You can check the IPO Results of Mid-Solu Hydropower from the different methods. Here, we will share the two most easy ways to check IPO Results in 2023.
Method I – Go to the NIC Asia Capital Site
- Visit the IPO Allotment Check link of the NIC Asia Capital Site; click Here to go.
- Now tap/click on the Choose Company and select the company from the Drop-down menu.
- Now, choose Mid Solu Hydropower Ltd. -General Public 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 the Dropdown and select the company (Mid Solu Hydropower Ltd. (For the General Public) there.
- Enter your 16-digit BOID and then fill out the captcha.
- At last, click on View Result.