Menchhiyam Hydropower IPO Result Date

This article will discuss the Menchhiyam Hydropower IPO Result Date and what investors can expect from the announcement. As the IPO process is nearing its end, the company has set a date for the IPO result announcement.

Menchhiyam Hydropower is a Hydropower company in Nepal. Its headquarter is located in Lainchaur, Kathmandu, Nepal. SEBON has approved the company and will be listed on Nepal Stock Exchange (NEPSE) soon.

The initial public offering (IPO) was approved on 2079-10-19. The IPO was opened on 2023-04-17 at 10:00 AM and will close on 2023-04-20 at 5:00 PM

Menchhiyam Hydropower IPO Result Date

The IPO result Date of Menchhiyam Hydropower will probably be announced within the 1st week of May, i.e. after the end of the issue closed date i.e. after 2023-04-20 at 5:00 PM. The company has issued 934915 units of shares for the general public.

Menchhiyam Hydropower IPO Result Date

The minimum share that the general public can fill up was a minimum of 10 units and the maximum was 10000. The rate of one share is 100.

Allotment of Shares of Menchhiyam Hydropower

The allotment of shares will be done via a lottery system/lucky draw. The shares will be allotted to the applicants who have applied for the IPO within the 2023-04-17 at 10:00 AM – 2023-04-20 at 5:00 PM. period.

Name of CompanyMenchhiyam Hydropower
AvailableFor General Public
No. of Share Registered5,425,833
Amount of Share Registered542,583,300
Public Issue Size1,627,750
Public Issue Amount162,775,000
% of Issued Capital30.00%
Promoter Share Registered Amount379,808,300
% of Issued Capital70.00%
Issue ManagerNIC Asia Capital Ltd
Date of Approval2079-10-19
Issue Open Date2023-04-17 at 10:00 AM
Issue Close Date2023-04-20 at 5:00 PM
No. Of Share Issued934915
Established2017 AD
HeadquartersLainchaur, Kathmandu
Minimum Quantity10
Maximum Quantity10000

How to Check the Result of Menchhiyam Hydropower IPO Result Date?

The Menchhiyam Hydropower result can be checked online on the CDS and Clearing Limited website or NIC Asia Capital Ltd. The applicants can also check the result by logging into Mero Share.

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The Menchhiyam Hydropower IPO Result will be announced within the 1st week of May 2023, i.e. after the closing date. The allotment of shares will be done eventually and the banks will make the refund if it is not allotted.

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