Asian Hydropower IPO Result has been published today. Allotment results can check from ipo result.cdsc.com.np now.
The allotment event was held on the premises of the issue manager, NMB Capital Limited, Naxal, starting at 9 am today.
Asian Hydropower IPO Result
According to the Asian Hydropower IPO result, 69,720 lucky applicants received 10 unit share of the company. A total of 16,800 units were allocated for the employees of the company, and the total of 42,000 units was allocated for the mutual funds. The remaining 6,97,200 units were allocated for the general public.
According to mero share CDSC, the issue has received about 14,92,778 applications applying for a total of 16,626,520 units of shares. The IPO was oversubscribed by 23.84 times.
Incorporated in June 2016 AD under the Company Act of Nepal, Urja has been able to establish a portfolio of hydropower projects with a cumulative installed capacity of over 375 MW. These projects are in various phases of development: some are in the feasibility study phase, some in the construction stages. Urja envisions harnessing 1 GW (1000 MW) hydropower potential in the country by 2030 AD; coherent with the plan and policy of the Government of Nepal.
Asian Hydropower Ltd
The Company was duly registered as a private company on January 2017 with Office of Company Registrar under Ministry of Industry, Commerce and Supplies which was later converted to a public company on July 2019. The company is implementing Lower Jogmai Khola Hydropower Project.
The sustainable development of immense hydropower potential in the country is seen as the engine for Nepal’s economic prosperity. This is possible through serving rising electricity demand in the domestic market and by securing a key role in ensuring appropriate generation mix towards regional energy security in South Asia. Urja has core competence that aims to provide sustainable solutions through innovation and value engineering to the whole gamut of issues with a lucid understanding of the life cycle of the hydropower development while addressing social management and environmental challenges in a complex project implementation milieu.
Urja’s core competencies include the resource and technical capability, institutional setup, and competent human resources to provide complete integrated solutions for the implementation of hydropower projects at the shortest possible time while maintaining the highest quality .
How to Check IPO Result at Mero Share (Allotment) of Asian Hydropower Limited:
You can follow the step by step:
- Login at Meroshare official website – IPOResult.cdsc.com.np
- Select Asian Hydropower Limited IPO name at the dropbox;
- Write Demat or boid number
- Click on the ‘Submit’ button to know the result.
Your Asian Hydropower allotment result status will be available on your computer and or on your Smartphone.