Ingwa Hydropower IPO result has been published today. Applicant can check Ingwa Hydropower IPO allotment from Mero Share IPO Result CDSC now.
Ingwa Hydropower Limited was issued 12,68,639 unit shares of Rs 100 face value from Baisakh 13-17, 2080.
The company issued 6,00,000 unit shares worth Rs. 6 crores to the project-affected locals of Taplejung District. Out of which only 306,840 units were allotted to valid applicants. The remaining 293,160 units of unsubscribed shares of project-affected locals were added to 12,00,000 units for the general public.
Ingwa Hydropower IPO Result
According to Ingwa Hydropower IPO Result, out of the total 14,93,160 units; 120,000 units were allotted to Nepalese citizens working abroad, 74,658 units have been allocated to the mutual funds, and 29,863 units have been allocated to employees of the company. The remaining 12,68,639 units were allocated to the general public. A total of 1,26,863 applicants received 10 units including 9 applicants who received an extra one share in this IPO.
The company has 70% promotors and 30 percent public shares after this IPO allotment. Sunrise Capital Limited is the issue manager for the IPO.
CARE Ratings Nepal Limited (CRNL) has given the issuer rating of ‘CARE-NP BB (Is)’ assigned to Ingwa Hydropower Limited. This rating shows that a moderate risk of default regarding the timely servicing of financial obligations.
Ingwa Hydropower Limited
Ingwa Hydropower Limited was incorporated as a private limited company on Ashad 9th, 2066 and registered with the office of company Registrar with registration number 63728/065/066. On Ashad 12th, 2071, the ownership of the company was transferred to the new shareholders. The company later converted to Pubic Limited on Bhadra 9th, 2071 with the Registration Number 125983/071/072. The objective of the company is to develop and operate Hydropower Project and contribute for generating electricity in Nepal.
How to check Ingwa Hydropower IPO Result from Sunrise Capital Limited
Are you looking for the Sunrise Capital IPO Result ? If yes, you are in right place. You can find the IPO result for that IPO which has issue manager of Sunrise Capital Limited. Sunrise Capital IPO page is working properly in the previous time. So, we assume that the next result will be the same performance. You can check Ingwa Hydropower IPO Result from Sunrise Capital Limited IPO result page now.
How to Check IPO Result at Mero Share (Allotment) of Ingwa Hydropower IPO Result:
You can follow the step by step:
- Login at Meroshare official website – IPOResult.cdsc.com.np
- Select Ingwa Hydropower Limited name at the dropbox;
- Write Demat or boid number
- Click on the ‘Submit’ button to know the result.
Your Ingwa Hydropower allotment result status will be available on your computer and or on your Smartphone.