Education, Jobs and Investment: IPO Result

Vision Lumbini Urja IPO opens today- 20,75,285 unit IPO to Public

Vision Lumbini Urja IPO opens to the general public from today (Kartik 16, 2080). A total of 20,75,285 units of shares are opened for applicants. Applicants can apply for this IPO from Kartik 16 to 20, 2080. If the IPO is not fully subscribed, then it will be extended till Mansir 1, 2080.

Vision Lumbini Urja Company Limited (VLCL) had issued 19,12,500-unit shares to the project-affected locals of Kaski District.  Out of which only 14,24,590 units were already allotted to valid applicants. The remaining 4,87,910 units of unsubscribed shares of project-affected locals are added to 19,12,500 units and make a total of 24,00,410 units for the general public now.

Out of the total 24,00,410 units of shares, 191,250 units have already been issued and allotted to Nepalese citizens working abroad, a total of 95,625 units are allotted for mutual funds and 38,250 units have been reserved for the employees of the company. The remaining 20,75,285 units are open to the general public.

The Vision Lumbini Urja IPO is issued at a par value of Rs.100. Muktinath Capital Limited is the issue manager. Applicants can apply for a minimum of 10 units to the maximum quantity of 380,000 units for this IPO. But applying for 10 units is ok for this IPO.

Vision Lumbini Urja IPO

ICRA Nepal has reaffirmed Vision Lumbini Urja Company Limited’s long-term loan limits with the long-term rating of [ICRANP] LBB- (pronounced ICRA NP L double B minus) and the short-term loan limits with the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) from ICRA Nepal.

A 25 MW Seti Nadi Hydroelectric Project is being developed by Vision Lumbini Urja Company Limited in the Machhapuchchhre rural municipality of Kaski District, Gandaki Province, Nepal. The project is being constructed with a 44.5% probability of exceedance and is of the run-of-the-river (R-o-R) type.

If you want to know how to apply for this IPO, you can go to details in Kaamkura IPO application process blog. If you want to know about this IPO news in Nepali, you will get it at Merolagani.

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