Kathmandu, Sep 1, 2015
API Power Company Limited has concluded its IPO allotment today by its issue manager NIB Capital Limited.
Allotment for investors who had applied from Rs 5000 or 50 units to Rs 290,00 or 290 units shares was decided through lottery and remaining investors who had applied for Rs.30,000 or 300 units to Rs 50,000 or 500 units were allotted 3.2 % to 3.3 % on pro-rata basis. And the other investors applied for Rs 51,000 or 510 units to Rs 1,00,000 or 1, 000 units were allotted 2.5% to 2.6% on pro rata basis.
8.5 MW API Power Company Limited had floated IPO of 30,00,000 unit shares of Rs 100 face value each from Ashad 24, 2072. The offer closed on Ashad 28, 2072.
Of the total 28, 50,000 shares set aside for public, 40% or 1,104,000 shares, were put aside for retail investors and 60% or 1,656,000 shares, under “other investor” category.
The shares set aside for retail investors were oversubscribed by 31.11 times and those set aside under other category were oversubscribed by 38.20 times.
The hydropower company has set aside 90,000 unit shares for its employees and 1,50,000 unit shares for the 6 mutual fund companies on pro rata basis. The mutual fund schemes are Nabil mutual fund-25,000 unit shares, NMB mutual fund-25,000 unit shares, NIBL mutual fund-25000 unit shares, and Laxmi mutual fund- 25,000 unit shares, Siddhartha mutual fund-25,000 unit shares, and Citizen Investment Trust-25,000 unit shares.
API Power Company Limited has concluded its IPO allotment today by its issue manager NIB Capital Limited.
Allotment for investors who had applied from Rs 5000 or 50 units to Rs 290,00 or 290 units shares was decided through lottery and remaining investors who had applied for Rs.30,000 or 300 units to Rs 50,000 or 500 units were allotted 3.2 % to 3.3 % on pro-rata basis. And the other investors applied for Rs 51,000 or 510 units to Rs 1,00,000 or 1, 000 units were allotted 2.5% to 2.6% on pro rata basis.
8.5 MW API Power Company Limited had floated IPO of 30,00,000 unit shares of Rs 100 face value each from Ashad 24, 2072. The offer closed on Ashad 28, 2072.
Of the total 28, 50,000 shares set aside for public, 40% or 1,104,000 shares, were put aside for retail investors and 60% or 1,656,000 shares, under “other investor” category.
The shares set aside for retail investors were oversubscribed by 31.11 times and those set aside under other category were oversubscribed by 38.20 times.
The hydropower company has set aside 90,000 unit shares for its employees and 1,50,000 unit shares for the 6 mutual fund companies on pro rata basis. The mutual fund schemes are Nabil mutual fund-25,000 unit shares, NMB mutual fund-25,000 unit shares, NIBL mutual fund-25000 unit shares, and Laxmi mutual fund- 25,000 unit shares, Siddhartha mutual fund-25,000 unit shares, and Citizen Investment Trust-25,000 unit shares.
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