In Just 2 days, Sanjen Jalvidhyut Fully Subscribed; Rasuwagadhi Draws 79% Application

Apr 22, 2019 Merolagani

Investors have shown tremendous attraction on the IPO of Rasuwagadhi Hydropower (RHCL) and Sanjen Jalvidhyut Company (SJCL). Both companies issued IPO on April 19.

In just two days, Sanjen's IPO has been oversubscribed by 1.27 times while nearly 79 percent share of Rasuwagadhi has been subscribed by the investors.

As per Citizens Investment Trust, issue manager of Sanjen Hydropower, a total of 124,000 applicants have applied for 6,307,750 units of shares by April 22, 10:00 AM.

Sanjen Hydropower is issuing 15 percent shares of its issue d capital of Rs 3.95 billion. The company is issuing 5,475,000 units of shares worth Rs 547.5 million.

Out of the total offered shares, the company has allotted 4 percent i.e. 219,000 units to employees and 273,750 units to mutual fund. The public can apply for the remaining 4,982,250 units of shares.

 Similarly, as per Siddhartha Capital, Issue manager of Rasuwagadhi Hydropower, a total of 120,601 applicants have applied for 7,370,230 units of share till April 22, 10:00 AM.

Rasuwagadhi Hydropower is issuing 15 percent shares of its issued capital of Rs 6.84 billion. The company is issuing 10,263,150 units of shares worth Rs 1.02 billion.

Out of the total offered shares, the company has allotted 4 percent i.e. 410,526 units to employees and 513,157 units to mutual fund. The general public can apply for the remaining 9,339,467 units.

In both IPOs, the interested investors can apply for a minimum of 50 and maximum of 5,000 units of shares in both IPOs. They can apply for the shares from all C-ASBA approved BFIs and through meroshare software.

Both issues will close early on April 23 and lately on May 19.

 

 

 


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