Ridi hydropower IPO oversubscribed by 91.5 times, draws Rs 9.96 arba

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units, is oversubscribed by more than 93 times, according to the preliminary estimate.

“We have reported to the SEBON that we collected Rs 9.96 arba for the IPO. And this means that the IPO has been oversubscribed by around 91.50 percent,” a highly placed official with Civil Capital Limited told.  "Though some cheques could bounce, and a few data are yet to be tallied, the final figure will still come to this tune."

Ridi hydropower IPO expected to be oversubscribed by over 70 times

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units, is oversubscribed by more than 70 times, according to the preliminary estimate.

“We collected 2.7 arba by Wednesday, which means it was oversubscribed by some 25 percent in the first three days,” a highly placed official with Civil Capital Limited told.  “Going by the data pouring in from the collection centers, we are expecting the IPO to be oversubscribed by more than 70 times, may be up to 75 times.”

Ridi hydropower IPO closing today; draws around 2 arba in 3 days

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units has drawn Rs 2 arba in the first three days of its opening.

The IPO is closing day, and long queues of applicants could be seen in all the eight collection centers since the morning.

“The IPO has drawn around Rs 2 arba in three days, though we have not been able to compile all the applications due to the public holiday yesterday.  It suggests that the IPO has been oversubscribed by more than 18 times in the first three days,” said Bhisma Raj Chalise, CEO of Civil Capital, the issue manager.

Civil Bank, Civil Merchant & Axis' special AGMs on March 3; swap ratio: 1:0.79

Four months after signing a MoU for the merger, Civil Bank Limited, Civil Merchant Bittiya Sanstha and Axis Development Bank Limited have decided to hold their Special Annual General Meetings on March 3 to formally endorse their merger.

The swap ratio has been fixed at 1:0.79 for the commercial and the other two BFIs following DDA Report prepared by BRS Neupane and Company, according to separate notices issued by the three companies today.

Century Bank IPO allotment likely by March 3 or 4; refund expected by March 9

The Initial Public Offering (IPO) worth Rs 92 crore issued by Century Commercial Bank Limited is expected to be allotted March 3 or 4, according to the issue manager.

“We are planning to allot the IPO by March 3 or 4, and distribute the allotment slips and refund the non-allottees most probably by March 9,” an official with Civil Capital Limited, the issue manager, told.

Century’s IPO was oversubscribed by more than 25 times.