IPO ALLOTMENT
SAHAS URJA COMPANY LIMITED
2nd October 2021
Kathmandu, Nepal
Allotment on Ashoj 17th 2078
SAHAS urja company limited is going for allotments of IPO issued of 70 lakh ordinary shares.
IPO Opening Date were : 6th ashoj - 10th ashoj 2078
Details on issued IPO units:-
Sahas urja limited has issued 70,00,000 units IPO shares to ordinary people. Out of that some % kept aside for employees of the company and mutual funds. Details on that are as-
Total issued size: 70 lakh
3% for employees : 210000 units
5% for mutual funds : 350000 units
Rest for general public : 6440000 units
Issue manager: NIBL ACE CAPITAL LIMITED
While total applicants is 24,74,436 applicants for 70 lakh units on final conclusion according to NIBL ace capital ( Issue manager).
Chances of getting alloted?
Chances of getting alloted is very low as the applicants are higher and over 24 lakh.
6,44,000 ( 6 lakh 44 thousand) applicants will be alloted with 10 units each maximum. That means approx 74% of the applicants go with empty hand only 26% will go with 10 units.
Note: Assuming all valid applicants
Good luck 🤞🤞
About SAHAS urja company limited:
Sahas Urja Ltd.(SUL) established on Magh 2070 B.S as private limited company later converted to public limited company on Bhadra 2071 B.S., comprises of a group of veterans in the field of entrepreneurship having innovative ideas of modern enterprises with advanced development strategies and management concepts. Sahas Urja Ltd. commits to create superior value for all its shareholders and stakeholders and aimed to be among most admired and trusted company in the country. It has planned to contribute to the national economy through accelerated hydropower development.
Hydro Venture Pvt. Ltd. (HVPL), a limited liability company,was established with the main objective to develop, build and operate hydroelectric project in Nepal. The company from its very beginning was focusing on the development of the Solu Khola (Dudh Koshi) Hydroelectric Project. The company had completed Feasibility Study, Environmental Impact Assessmentand Connection Agreement, obtained Generation License from Department of Energy Development (DoED) and finally concluded a Power Purchase Agreement (PPA) with Nepal Electricity Authority on 25th February 2015. Regardless of the license of the Solu Khola (Dudh Koshi) Hydroelectric Project (SKDKHEP) under Hydro Venture Pvt. Ltd., (a 100% subsidiary of Sahas Urja Ltd) the project was being developed by the Sahas Urja Limited (SUL). At this point HVPL has been completely acquired by (SUL) with the endorsement from Company Registrar’s Office (Received on 12th March 2017), licenses transferring process from HVPL to SUL was completed on 2074/1/29 B.S.
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