Samling Power Company IPO Result Date – How to Check Samling IPO Result

Samling Power Company IPO Result date is on Tuesday, November 2, 2021. The pre-allotment of Samling Power Company IPO was completed on Oct 31, 2021. The Samling Power Company IPO was opened for general public from 4th Kartik to 8th Kartik, 2078. A total of 22,65,698 applicants were applied for a total of 2,69,33,500 units shares for this IPO. This issue is oversubscribed by 39.67 times. As per issue manager, only 67,890 lucky applicants will be received 10 unit shares each. The remaining applicants will return empty-hands.

A total of 7,30,000 unit shares issued at a par value of Rs. 100 per unit which is 14.6% of the company’s issued capital. Out of issues shares, 2% of the issue worth 14,600 shares have been allocated for company’s employees and 5% worth 36,500 shares has been allocated for mutual funds. The remaining 678,900 shares of IPO are for the general public. You can check IPO Result from MeroShare CDSC when it will be published on Samling Power Company IPO Result date.   

How to Check IPO Result of Samling Power Company Ltd

Samling Power Company IPO Result Date
Samling Power Company IPO Result Date

Are you looking for How to Check IPO Result of Samling Power Company Ltd ? If yes, we shares the five ways, you can check the IPO result of Samling Power Company IPO Result on the published date. You can find first and fast of the IPO result if you will try all the methods.

  1. Check Samling Power Company IPO Allotment from ipo result 2021 (CDS and Clearing Limited)
  1. Check Nepal SBI Merchant Banking IPO Result
  2. You can also check IPO Result from Mero share Account
  3. You can also check IPO Result from IPO Result App or Nepali Share App

Nepal SBI Merchant Banking Limited of Samling Power Company Limited IPO is the issue manager who secured the IPO.

Samling Power Company ipo price

Samling Power Company ipo price is Rs. 100 for apply of IPO. This will be traded in secondary market at Rs.405.33. The estimated price of Samling Power Company ipo will reach up to Rs. 700 to Rs. 900.  So, this is the good news for Samling Power Company ipo investors.

Samling Power Company IPO for General Public –About Company

Located in the middle reach of Mai River in the Ilam district of the eastern part of Nepal, Mai Beni Hydropower Project is a Run-of-River type hydropower project with an installed capacity of 9.51 MW. The Project is the pilot project of Urja Developers Pvt. Ltd., which embarked on construction in May 2018. The components of the project lie between an elevation of 490m and 645m above mean sea level. All the major components of the project are within a 5km distance from the Mechi highway. The construction of all project components and installation of overall Hydromechanical components and Electromechanical equipment have been completed. Likewise, the testing and commissioning of overall project components have been completed. The trial operation of the power plant is expected to commence by September 2021.

Salient Features

  • Installed capacity: 9.51 MW
  • Project Location: Maijogmai Rural Municipality & Ilam Municipality, Ilam district, Province – 1
  • Type of Scheme: Run-of-River (RoR)
  • Gross Head: 147.5 m
  • Net Rated Head: 134 m
  • Design Discharge: 8.4 m3/s
  • Net Annual Energy: 53.28 GWh
  • Headrace tunnel: 2565 m
  • Headrace pipe: 1789 m
  • Power Evacuation to: Godak Substation ( 4 km from Powerhouse)

Progress Updates

  • Financial Closure was concluded in December 2018 with Nepal SBI Bank Ltd. as a lead bank and Siddhartha Bank Ltd. as a member bank.
  • Construction and upgradation of all infrastructures required for the project are completed.
  • Construction of entire project components including Diversion Weir, Undersluice, Intake, Gravel Trap, Approach Canal, Settling basin, Headrace pipe, Headrace Tunnel, Surge pipe, Penstock pipe, Powerhouse, Switchyard, Tailrace, and River Protection works is completed.
  • Installation, Testing, and Commissioning of all Hydromechanical Component and Electromechanical Equipment are completed.
  • Construction of Transmission line is completed including its Testing and Commissioning.
  • Construction of Permanent camp for the accommodation of Project Operation Team is completed and the respective team has mobilized to site.
  • Landscaping works in the Powerhouse and Permanent Camp area are in progress.

Key Milestones

  • Power Purchase Agreement (PPA) – November 2016
  • Generation License – April 2018
  • Construction Start – May 2018
  • Financial Closure – December 2018
  • Required Commercial Operation Date (RCOD) – November 2021

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