Emerging Nepal limited IPO has been issued from today. Emerging Nepal limited IPO is 5,55,600 units worth Rs 5.5 crore to the general public. Investors can apply from Magh 26 to Falgun 1, 2078. If the IPO will be oversubscribed, it will be closed on Falgun 1 and if it is not fully subscribed till Falgun 1, then it will be extended up to Falgun 11, 2078. But as per the volume of this IPO, it will be oversubscribed before the early closing date.
According to the company’s issue statement, out of the total offered 5,55,600 units shares; 2% of the total units shared (11,112 units) have been set to apply for the employees of the company and 5% of the total offered shares (27,780 units) have been set to apply for the mutual funds. And the remaining 5,16,708 units can apply by the general public. So, only 51,680 investors can receive 10 units shares and one lucky investor will receive extra 8 units share of this IPO.
Emerging Nepal Mero Share Login
Emerging Nepal Mero Share Login is the official link to apply for this IPO. You can click on Emerging Nepal Mero Share Login and provide the required information. You need to ensure that you must have a sufficient balance in your bank account to apply for this IPO. If you did not have a sufficient balance in your account, you will be rejected after applying.
Investors can apply for a minimum of 10 units to a maximum of 5,000 units. NIC Asia Capital Limited has been the issue manager for the IPO issuance.
After the issuing of 5,55,600 units worth Rs 5.5 crore IPO shares for the general public that is 10% of total capital which will together raise its paid-up capital to Rs 55.56 crore. The promoter/public ratio will be 90:10 after this IPO issues.
Emerging Nepal Limited
Emerging Nepal Limited established in August 2015 as a public-private partnership (PPP) investment company with the motive to invest in projects from diverse sectors. Emerging Nepal Limited (ENL) is promoted by the renowned business groups of Nepal, with the major holding by the Vishal Group and IME Group affiliated entities and individuals (joint stake of more than 50%).
Emerging Nepal Limited will be the 6th company to be listed as an investment company in NEPSE. As such, the addition may play a crucial role in the development of the investment sector and its index. Furthermore, as an investment company, Emerging Nepal Limited may help channel investment funds from the capital market to diversified sectors of the national economy. ENL is issuing 555,600 units of ordinary shares worth Rs 55,560,000 to the general public. NIC Asia Capital Ltd has been appointed as the issue manager for the IPO issuance. ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB+ (pronounced ICRA NP Issuer Rating Double B Plus) to ENL which means that the company has a moderate risk of default. You need to invest small amount on this IPO.
