Mailung Khola Jal Vidhyut Company Limited issued the total of 7,36,286 units worth Rs 7.36 crore as IPO for the general public from Shrawan 14, 2078. The early closing date of this IPO is on Shrawan 18, 2078 and if the IPO is not fully subscribed till that date, then it shall be extended up to Shrawan 28. Siddhartha Capital Limited is the issue manager for the IPO issuance.
Mailung Khola Jal Vidhyut IPO for general public
A total of 2% of the offered 7,36,286 units shares to the general public i.e. 14,726 units separated to set aside for the employees of the company and 5% of the total offered 7,36,286 units shares to the general public i.e. 36,814 units is set aside for the mutual funds. The remaining 6,84,746 units are only of Mailung Khola Jal Vidhyut IPO for general public. Investors can apply for a minimum of 10 units and a maximum of 1,00,00 units share for this IPO.
Mailung Khola Jal Vidhdyut Company Limited has already issued 3,68,144 unit shares as part of its IPO for the locals of the project-affected area of Rasuwa district. According to company, out of total shares, 1,84,072 units to the most affected local people of Dadagau and Ramche and 1,84,072 units for less affected local people of Raswa District.
The company’s authorized capital is Rs 75 crore. After the IPO issue, its paid-up capital will reach Rs 36.81 crore. After the IPO, the promoter shares is 70%, people of the affected area (Rasuwa district) shares is 10% and the public shares portion is 20% in the company. Currently, Mailung Khola Jal Vidyut operates a 5 MW Mailung Khola Hydropower project located in Haku VDC, Rasuwa district.
Mailung Khola Hydropower share price
The IPO of Mailung Khola Hydropower share price is Rs.100 per share. And the secondary market, that will be started from around Rs.300 per share and it will be reached up to around Rs.500 to Rs.700 per share as per present market trading situation.
Care Ratings Nepal Limited
Care Ratings Nepal Limited provided an issuer rating of ‘CARE-NP D (Is)’ to Mailung Khola Jal Vidhyut Company Limited (MKJV). This rating is shown to be in failing to repay a loan. So, investors need to care about it and make strategy to safe investment in such company.
Mailung Khola IPO Apply from Mero Share
Please follow the following steps to apply the Mailung Khola IPO Apply from Mero Share. If you face any difficulties to apply, please share your queries with us. We will try to solve as soon possible.
Step 1. Go to the Mero Share site https://meroshare.cdsc.com.np/#/login
Step 2. Login
Step 3. Go to My Asba from Menu
Step 4. See in the Apply for Issue and click on Apply
Step 5. Provide required information and submit
