Molung Hydropower IPO Result is published today. The IPO allotment of Molung Hydropower Company Limited at 10 am today. A total of 226,465 applicants received 10 units each.
The Molung Hydropower company issued 22,64,655 units of shares of Rs 100 face value as an IPO worth Rs 22.64 crore to the general public from the 4th Falgun till the 10th Falgun 2079. Out of the total 27,28,500 units; a total of 272,850 units were already issued and allotted to Nepalese citizens working abroad.
Similarly, a total of 54,570 units were allocated for the employees of the company. And a total of 136,425 units were allocated to the mutual funds. The remaining total of 22,64,655 units was allocated to the general public. After issued of the IPO, the paid-up capital of the company has been reached Rs. 80.25 Crores.
Molung Hydropower IPO Result
According to Molung Hydropower IPO Result and Mero share CDSC’s data, the IPO has received about 14,90,714 applications applying for a total of 16,623,220 units of shares. The IPO was oversubscribed by 7.34 times by the closing day.
Only 226,465 lucky applicants received 10 units share each.
ICRA Nepal has given [ICRANP-IR] BB (pronounced ICRA NP issuer rating double B) to Molung Hydropower Company Limited. This rating is indicated to have a moderate risk of default regarding the timely servicing of financial obligations if any required.
Molung Hydropower Company Limited
Molung Hydropower Company Limited (Ltd.) was formed on 31st Baishakh 2067 (14 May 2010). Molung Hydropower Company Pvt. Ltd. has acquired Generation license from Government of Nepal, Ministry of Energy on 02 Ashoj 2071 (20 September 2019), which is valid till 01 Ashoj 2106 (September 2054) for installed capacity of 7000 KW generating annual energy of 35.73 GWh with dry energy 5,825,606 kWh and wet energy 29,903,599 kWh.
The Molung Khola hydropower Project is located in Okhaldhunga district, Sagarmatha Zone in the Eastern Development Region of Nepal. The project area spreads at Harkapur, Prapcha and Baruneshwar VDCs of Okhaldhunga district.
How to Check IPO Result at Mero Share (Allotment) of Molung Hydropower Company Limited:
You can follow the step by step:
- Login at Meroshare official website – IPOResult.cdsc.com.np
- Select Molung Hydropower Limited IPO name at the dropbox;
- Write Demat or boid number
- Click on the ‘Submit’ button to know the result.
Your Molung Hydropower allotment result status will be available on your computer and or on your Smartphone.