This article will discuss the Modi Energy Limited 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.
Modi Energy Limited is a Hydropower company in Nepal. Its headquarter is located in Naxal Sanogaucharan, 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 2079-11-02. The IPO was opened on 2023-05-02 at 10:00 AM and will close on 2023-05-07 at 5:00 PM.
Modi Energy Limited IPO Result Date
The IPO result Date of Modi Energy Limited will probably be announced within the 3rd to 4th week of May, i.e. after the end of the issue closed date i.e. after 2023-05-07 at 5:00 PM. The company has issued 5559420 units of shares for the general public.
The minimum share that the general public can fill up was a minimum of 10 units and the maximum was 100000. The rate of one share is 100.
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 2023-05-02 at 10:00 AM – 2023-05-07 at 5:00 PM. period.
| Name of Company | Modi Energy Limited |
| Sector | Hydropower |
| Available | For General Public |
| From | 1 |
| To | 29,000,000 |
| No. of Share Registered | 29,000,000 |
| Rate | 100 |
| Amount of Shares Registered | 2,900,000,000 |
| Public Issue Size | 7,250,000 |
| Public Issue Amount | 725,000,000 |
| % of Issued Capital | 25.00% |
| Promoter Share Registered Amount | 2,175,000,000 |
| % of Issued Capital | 75.00% |
| Issue Manager | Sunrise Capital Ltd. |
| Date of Approval | 2079-11-02 |
| Issue Open Date | 2023-05-02 at 10:00 AM |
| Issue Close Date | 2023-05-07 at 5:00 PM |
| No. Of Share Issued | 5559420 |
| Established | 2078 B.S. |
| Headquarters | Naxal Sanogaucharan, Kathmandu |
| Minimum Quantity | 10 |
| Maximum Quantity | 100000 |
How to Check the Result of Modi Energy Limited?
The Modi Energy Limited result can be checked online on the CDS and Clearing Limited website or Sunrise Capital Ltd. The applicants can also check the result by logging into Mero Share.
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Conclusion
The Modi Energy Limited IPO Result will be announced within the 3rd to 4th 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.