Shuvam Power IPO Result published – How to check now

Shuvam Power IPO Result published today. Applicant can check to follow the steps of IPO result now.

The IPO allotment of Shuvam Power Limited (SHUVAM) was held on the premises of the issue manager Muktinath Capital Limited, Naxal.

Shuvam Power IPO Result

Shuvam Power IPO Result
Shuvam Power Result

According to Shuvam Power IPO Result, a total of 11,610 units (2%) have been allocated for the employees of the company and a total of 29,030 units (5%) have been allocated for mutual funds. The remaining 4,81,882 units are allocated to the general public. the total 580,580 units; 10% or 58,058 units have already been issued and allotted to Nepalese citizens working abroad. After this distribution of IPO, the paid-up capital has been reached Rs. 20 Crores.

>>> IPO Result – Nepali Mero Share

>>> How to check IPO Result from Mero Share

According to data presented by CDSC, a total of 13,64,756 applicants applied for a total of 15,121,130 units of shares. The IPO was oversubscribed by 31.37 times on the closing day.

Only 48,188 lucky applicants received 10 units of share each.

CARE Ratings Nepal Limited (CRNL) has been rated as ‘CARE-NP BB+ (Is)’ to Shuvam Power Limited. This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations in Nepal if any emergency.

Shuvam Power Limited

Shuvam Power Limited was established as a Pvt. Ltd Company in July, 2004 under the Company Act 1993 of Nepal by a group of entrepreneurs and later on converted into Public Ltd Company in December, 2015. The company works towards the electrification of the nation by supporting government by producing the electricity.

Energy is a basic means meeting both the basic requirements of life support system and executing all development efforts. The company thus has planned to contribute towards the solution of present power shortage by developing hydropower projects as well to contribute towards the rural economic development of Nepal.

How to Check IPO Result at Mero Share (Allotment) of Shuvam Power Limited:

Applicants of this Shuvam Power can check their IPO result allotment by login at the direct Mero Share link – Meroshare.cdsc.com.np

You can follow the step by step:

  1. Login at Meroshare official website – IPOResult.cdsc.com.np
  2. Select Shuvam Power Limited IPO name at the dropbox;
  3. Write Demat or boid number
  4. Click on the ‘Submit’ button to know the result.

Your Shuvam Power allotment result status will be available on your computer and or on your Smartphone.

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