Dolti Power Company IPO has opened an offer letter to issue its Initial Public Offering (IPO) to the general public today.
Dolti Power Company Limited issued 12,71,861 unit shares of Rs 100 face value from Chaitra 28, 2079. This is the last IPO for this year. The company aims to collect Rs 12.71 crore from this IPO. The early closing date of this IPO is on the Baisakh 3, 2080 and if the IPO is not fully subscribed, it will be extended up to the Baisakh 12, 2080.
The Dolti Power Company Limited had already issued 536,486 unit shares worth Rs. 5.36 crores to the project-affected locals of Dailekh District out of which only 141,820 units were allotted to valid applicants. After allocation, the remaining 394,666 units of unsubscribed shares are added to 10,72,972 units to make a total of 14,67,638 units for the general public.
DOLTI Power Company IPO
DOLTI Power Company IPO has already been issued and allotted 107,298 units to Nepalese citizens working abroad. A total of 68,017 units have been reserved for mutual funds, and 20,462 units have been reserved for employees of the company. The remaining 12,71,861 units are open to the general public.
The company has 70% of the promoter shareholders.
NIC Asia Capital Limited is the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 10,000 units for this IPO. But 10 units is enough to apply.
ICRA Nepal gives the rating of [ICRANP-IR] BB (pronounced ICRA NP issuer rating double B) to Dolti Power Company Limited. This rating notified that the company is at moderate risk of default regarding the timely servicing of financial obligations.
How to apply DOLTI Power Company IPO from Mero Share
Are you looking for how to apply DOLTI Power Company IPO from Mero Share ? If yes, here is the steps to apply IPO of DOLTI Power IPO.
- Go to official website https://meroshare.cdsc.com.np/
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information in the current option,
- Then click on apply
- Then write the four-digit security code
- Then submit
- Application was completed; you will see that successfully applied with green color.
Dolti Power Company Limited
Dolti Power Company Limited is currently operating a 4.5-MW Padam Khola Hydropower Project in Dailekh district. The project is a run-of-the-river type project. The project started commercial electricity production from December 24, 2019. The total cost of the project amounted to Rs. 1.10 Arba.