The IPO Opening of Asian Hydropower has sharted from the 10th of February 2023, and the company will issue a total of 6 lakhs 97 thousand and 200 units only.
|Company||Asian Hydropower LTD|
|Issue Manager||NMB CAPITAL LIMITED|
|Issue Open Date||2023-02-10 10:00 AM|
|Issue Close Date||2023-02-15 5:00 PM|
|Extended Date||24th Feb 2023|
|No. Of Share Issued||6,97,200|
|Expected Winner No.||69,720|
Also Read: SIP in Nepal 2023
Asian Hydropower Limited IPO Result
On the last day, the IPO of Asian Hydropower AHL was oversubscribed by 22.23 times. The online application for the IPO will be closed at 5:00 pm on 15th February 2023.
As of 10:00 AM, 13,92,127 application has been received, according to CDSC’s official website. And with our basic estimation, only 69,720 applicants will be allotted this IPO.
No. Of Share Issued (697200) / Minimum Units (10) = 69720, so if you’ve applied for this IPO, the chances of your 10 shares are low.
There is no news of expected date for the IPO result of Asian Hydropower Limited as of 15th January 2023.
Asian Hydropower Limited IPO Opening
|Foreign Workers 10%||84,000|
|For Employees, 2%||16,800|
|Mutual funds 5%||42,000|
The Asian Hydropower Limited company symbol AHL’s IPO opening for the general public started on 10th February 2023 and will end on 14th Feb 2023 at 5:00 pm.
If it fails to subscribe fully, it will continue until 24th February 2023.
NMB CAPITAL LIMITED will be the issue manager of this IPO, where 6,97,200 will be issued, and a maximum purchase limit is set at 20,000 units.
The company had already issued a total of 3,40,000 unit shares worth Rs. 3.4 crores to the project-affected locals.
Promoter holds 65.29% while the Public 34.71% in this company.
The IPO result date will be published soon.
How many people will get an Asian Hydropower IPO?
69,720 will get this IPO of Asian Hydropower.
If we do a simple calculation, No. Of Shares Issued/minimum purchase unit. (697200/10=69,720).
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB (Is)’ assigned to Asian Hydropower Limited.