Sanima Mai Hydropower Limited is likely to announce the second phase of
its IPO within Shrawan, an official with the company said. The
company has appointed NCM Merchant Banking Limited as the issue manager.
Similarly, NCM along with Laxmi capital will be the underwriter for the
upcoming IPO.
Earlier, the hydropower company had issued its IPO for the project affected people of Illam district. As per the SEBON rule, hydropower companies must first issue shares to the people in the project affected areas, with 100 percent allotment.
Sanima Mai Hydropower had issued 10,55,000 unit ordinary shares for the people of 9 project affected VDCs, Illam municipality and 38 VDCs of the district.
Though the company had reserved 6,33,000 unit shares (60% of the overall issue) for the affected 9 VDCs, applications were received only for 5,57,060 units from 2,014 applicants.
The remaining 75,940 unit shares then went to the people of Illam Municipality and 38 other VDCs of the district.
The company had already set aside 4,22,000 kitta (i.e. 40% of the overall issue) for the municipality and the 38 VDCs. Later, the number of shares allocated to the municipality and 38 VDCs reached 4,97,940 kitta after including the spillover shares from the 9 VDCs.
src sharesansar
Earlier, the hydropower company had issued its IPO for the project affected people of Illam district. As per the SEBON rule, hydropower companies must first issue shares to the people in the project affected areas, with 100 percent allotment.
Sanima Mai Hydropower had issued 10,55,000 unit ordinary shares for the people of 9 project affected VDCs, Illam municipality and 38 VDCs of the district.
Though the company had reserved 6,33,000 unit shares (60% of the overall issue) for the affected 9 VDCs, applications were received only for 5,57,060 units from 2,014 applicants.
The remaining 75,940 unit shares then went to the people of Illam Municipality and 38 other VDCs of the district.
The company had already set aside 4,22,000 kitta (i.e. 40% of the overall issue) for the municipality and the 38 VDCs. Later, the number of shares allocated to the municipality and 38 VDCs reached 4,97,940 kitta after including the spillover shares from the 9 VDCs.
src sharesansar
