Shuvam Power Limited IPO Result oversubscribed by 31.37

Shivam Power IPO Result

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 ResultShuvam Power Limited
Result Date10th Feb 2023
Open Date1st Feb 2023, 10:00 AM
End Date5th Feb 2023, 5:00 PM
No. Of Share Issued481882
No. of Applicants13,64,756
IPO Alloted48,188 applicants
Issue Amount4.81 Crores
Paid-up CapitalRs. 20 crores
Shuvam Power Limited IPO result Overview

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.

Check Out Upcoming IPOs in Nepal

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

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.

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