Last day to apply for IPO of 4 companies

Apr 25, 2019 Merolagani

Today is the last day to apply for four IPOs including Rasuwagadhi Hydropower (RHCL), Sanjen Jalvidhyut Company (SJCL), Ganapati Microfinance (GANAPATI) and Union Hydro (UHCL).

Sanjen Jalvidhyut and Rasuwagadhi Hydropower which started issuing IPO on April 19 extended its deadline till April 25 due to inaccessibility of meroshare software.

As per Citizen Investment Trust, issue manager of Sanjen Jalvidhyut,  a total of 253,600 applicants have applied for 13,676,700 units of shares till the morning of April 25. The company issued 4,982,250 units of shares to the public.

Similarly, as per Siddhartha Capital, issue manager of Rasuwagadhi Hydropower, a total of 291,397 applicants have applied for 16,553,590 units of shares till the morning of April 25. The company issued 9,339,467 units of shares to the general public.  

Similarly, Ganapati Microfinance, headquartered at Tanahun has started issuing initial public offering (IPO) from April 22.

Ganapati Microfinance is issuing 335,000 units of shares worth Rs 33.5 million. The company has appointed NIBL Ace Capital as its issue manager.

As per the issue manager, a total of 63,881 applicants have applied for 1,301,340 units of shares till the morning of April 25.

Out of the total offered shares, the company has allotted 5,175 units to employees and 16,750 units to mutual funds. The public can apply for the remaining 313,075 units of shares.

Likewise, Union Hydropower that started issuing 3,534,340 units of shares worth Rs 353.4 million from March 27 extended its deadline till April 25.

As per issue manager, Laxmi Capital Market, a total of 46,178 applicants have applied for 3,611,560 units of shares till the morning of April 25.

Out of the total units of offered shares, the company has allocated 70,686 units to the employees. The general public can apply for remaining 3,463,654 units of shares.

 


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