Manakamana Engineering Hydropower IPO opened today

Manakamana Engineering Hydropower IPO opened to general public today. Manakamana Engineering Hydropower Limited has issued  its 22,76,620 unit IPO shares of Rs 100 face value on Shrawan 28, 2080. The IPO’s early closing date is on Shrawan 31 and if the IPO is not fully subscribed, it will be extended up to Bhadra 10, 2080.

The company initially gave shares to locals affected by the project in Dolakha District. But only 22.92% of those shares were given to eligible people. The remaining shares were combined with shares for the public. A total of 26,16,620 units were available for the public, out of which some were already given to Nepalese citizens abroad, mutual funds, and company employees.

The company’s paid-up capital will be Rs. 80 Crores after the IPO. Promoters own 65% of the company’s shares. The company aims to raise Rs. 22.76 crore from this IPO. B.O.K Capital Markets Limited will manage the IPO process. People can apply for a minimum of 10 units and a maximum of 100,000 units.

CARE Ratings Nepal Limited (CRNL) has given a ‘CARE-NP BB (Is)’ rating to Manakamana Engineering Hydropower Limited, indicating a moderate risk of default on financial obligations in Nepal.

Manakamana Engineering Hydropower Limited started as a private company on July 18, 2010, and became a public company on July 10, 2021. It’s promoted by individuals experienced in hydropower. They operate a 5 MW Ghattekhola Small Hydropower Project in Nepal’s Dolakha district, which began commercial operation on November 08, 2020.

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How to apply to Manakamana Engineering Hydropower IPO ?

Are you looking for how to apply Manakamana Engineering Hydropower ipo from mero share ? If yes, please follow the instructions;

1. Go to official website  https://meroshare.cdsc.com.np/
2. Select Your DP (Bank or Capital where you open your mero share and CRN account)
3. Enter the user name and password,
4. Click on login bottom
5. Go to my ASBA
6. Click on my ASBA
7. See the Apply on issue
8. Click on the Apply bottom
9. Fill in the required information (Select bank account, number of applied shares)
10. Enter the CRN number on the same page and click on all information in the current option,
11. Then click on apply
12. Then write the four-digit security code
13. Then submit
14. Application was completed; you will see that successfully applied with green color.