Sanima Mai hydropower distributing IPO share certificates from JAN 1

Sanima Mai Hydropower Limited is distributing IPO share certificates from today, two months after the allotment of the primary shares.

The allotment of IPO equity shares of Sanima Mai Hydropower Limited had taken place on November 1.

The 21.1 lakh unit of the IPO issue by the hydropower company was oversubscribed by 31 times, according to the issue manager, NIDC.

RMDC shares trading starts from next week on NEPSE

Rural Micro Finance Corporation (RMDC) today has signed an agreement with Nepal Stock Exchange (NEPSE) for listing of its 5.2 million units share. As per the NEPSE rule, investors are able to trade RMDC share only after 7 days of agreement.

Century Commercial Bank IPO public share issue likely from 2nd week of Bhadra, 2070

Century Commercial Bank is all set to issue primary shares aimed at general public likely from 2nd week of Bhadra, 2070 . The bank has already appointed Citizen Investment Trust, Nabil Investment, Growmore Merchant, Civil Capital and NCM Merchant as issue managers.

Sanima Mai Hydropower Ltd likely to announce public IPO shares within Shrawan.

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.