Upper Syange Hydropower IPO has been published to the general public today. Applicants can apply from June 25, 2023.
The Upper Syange Hydropower is issued 539,500 unit shares of Rs 100 face value from Ashad 10, 2080. The Upper Syange Hydropower intends to collect Rs 5.39 crore from this IPO. The early closing date of this IPO is on Ashad 13, 2080.
Upper Syange Hydropower IPO to General Public
Upper Syange Hydropower IPO to General Public is for 539500 units. The company has already allotted 65000 units shares to Nepalese citizens working abroad.
The IPO reserved 32,500 units for the mutual funds and 13,000 units for the employees of the company. After this IPO issued, the paid-up capital of the company will be reached Rs. 22 Crores.
The company had also issued 2,20,000 unit shares worth Rs. 2.2 crores to the project-affected locals of Lamjung District. The promoter-public share ratio will be 60.45: 39.55 after this IPO is issued and distributed.
Siddhartha Capital Limited is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 100,000 units for this IPO.
CARE Ratings Nepal Limited (CRNL) gave the issuer rating of ‘CARE-NP BB (Is)’ assigned to Upper Syange Hydropower Limited. This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations, in Nepal if required.
Upper Syange Hydropower Limited
Upper Syange Hydropower Limited is a public company in the Hydropower sector. The company started on January 26, 2009, as Upper Syange Hydropower Private Limited and it was converted to Public Limited on March 30, 2017.
It is promoted by both individual and institutional promoters from different backgrounds. It is setting up of a 2.4 MW Run-of-River (RoR), Upper Syange Hydropower Project (USHP) in BOOT (Build, own, Operate, and Transfer) mechanism and located at Lamjung district of Nepal.
How to Apply Upper Syange Hydropower IPO from Mero Share ?
Are you looking for how to apply Upper Syange Hydropower from Mero Share ? If yes, here is the steps to apply IPO of Upper Syange 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.