According to CDSC, a total of 23.485 applicants have applied for 1,334,780 units of shares which is more than the offered units. The company issued 1,076,268 units of shares to foreign migrated workers of Nepal.
Sonapur Minerals started issuing IPO at premium rate on August 14 to the locals of affected areas and foreign migrated workers of Nepal.
The company obtained approval to issue 40 percent shares of its issued capital worth Rs 3.07 billion, accordingly, it will issue 12,300,200 units of shares worth Rs 1.23 billion.
Out of which, it is issuing 1,537,525 units of shares to the locals of the affected areas of Dang and Rolpa at Rs 225 including face value of Rs 100 and premium of Rs 125.
Moreover, it is issuing 10 percent of the general public quota i.e. 1,076,268 units of shares to the foreign migrated workers at Rs 237.58 including a face value of Rs 100 and premium of Rs 137.58,
