Shuvam Power IPO Result published on 10th February 2023. Applicants can visit mero share or Muktinath capital limited for results.
The IPO allotment process for the IPO of Shuvam Power Limited (SHUVAM) was held on the premises of Muktinath Capital Limited, Naxal, the issue manager.
Shuvam Power Limited IPO Result
|IPO Result||Shuvam Power Limited|
|Result Date||10th Feb 2023|
|Open Date||1st Feb 2023, 10:00 AM|
|End Date||5th Feb 2023, 5:00 PM|
|No. Of Share Issued||481882|
|No. of Applicants||13,64,756|
|IPO Alloted||48,188 applicants|
|Issue Amount||4.81 Crores|
|Paid-up Capital||Rs. 20 crores|
The IPO issue date was started for the general public on 1st February 2023 for a face value of Rs10/unit.
The total units available for the General Public was 4 lakhs 81 thousand and 882 (4,81,882).
According to the CDSC report total of 13 lakhs, 64 thousand, and 756 applicants (13,64,756) were interested and applied for this IPO.
This IPO was oversubscribed by 31.37 times which is one of the highest compared to recent days.
Out of these, only 48,188 applicants were allocated the IPO, excluding me hehe.
Foreign Employment, Employees, and Mutual Funds.
As per SEBON’s guidelines, 10% IPO reservation for foreign employment is a must, so 58,058 of the total 580,580 units were allocated to Nepalese working overseas (Work Permit).
And 11,610 units which are 2% of the IPO issue, were for the company’s workers, and lastly, 5% or 29,030 units were reserved for mutual funds.
How to Check Shuvam Power IPO?
You either check through mero share or Muktinath capital’s website for your IPO result of Shivam Power.
To check the result from Mukthnarhi first
- Visit Muktinath Capital Share Allotment
- Choose Shivam
- Enter 16-digit BOID
- Click on Submit
- View Result.
Also Read: Check the IPO result from Meroshare.
Draws of these Initial Public Offerings are entirely random. As there are more applicants, the number of units lucky draws is held.