Shuvam Power Limited IPO has issued a total of 481882 units of shares for the general public today.
Shuvam Power Limited (SHUVAM) issued of 4,81,882 unit shares of Rs 100 face value on Magh 18, 2079. Shuvam Power will collect Rs 4.81 crore from this IPO.
The early closing date of this IPO is on Magh 22, 2079. If the IPO is not fully subscribed to, till the closing date, it will be extended up to Falgun 03, 2079.
Shuvam Power Limited IPO
Shuvam Power Limited IPO is a small-scale IPO. According to the issue manager, the total 580,580 units; 10% or 58,058 units have already been issued and allotted to Nepalese citizens working abroad. A total of 11,610 units (2%) have been reserved for the employees of the company and a total of 29,030 units (5%) have been reserved for mutual funds. The remaining 4,81,882 units are open to the general public. After this opening, the paid-up capital will be reached Rs. 20 Crores.
The Shuvam Power had earlier issued 2,00,000 unit IPO shares to the project-affected locals of the Sankhuwasabha district from Jestha 20, 2075 to Ashadh 24, 2075. However, only shares worth Rs 19.42 lakh or 19420 units were sold to the valid applicants. Thus, the remaining 180,580 units of unsubscribed shares are added to 400,000 to make a total of 580,580 units to be issued to the general public.
How to apply Shuvam Power IPO (Initial Public Offering)
Are you looking for how to apply Shuvam Power IPO from Mero Share ? If yes, here is the steps to apply IPO of Shuvam Power IPO.
- Go to official website https://meroshare.cdsc.com.np/
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information in the current option,
- Then click on apply
- Then write the four-digit security code
- Then submit
- Application was completed; you will see that successfully applied with green color.
Muktinath Capital Limited is the issue manager for the IPO. Applications can be applied for a minimum of 10 units and a maximum of 5,000 units for this IPO. The IPO the promoter and public share ratio will be 70: 30 after this ipo issue.
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.
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.