The IPO of Mailung Khola Hydropower Company (MKJVCL) is scheduled to open from Shrawan 14 (साउन १४). The company is about to issue more than 73 lakhs IPO shares to the public.
Mailung Khola Hydropower is going to issue total of 736,286 IPO shares. The IPO issued by the company will have a face value of Rs 100 per unit.
Read this: Upcoming IPO in Nepal 2021, Must apply
In this IPO, 14726 shares have been reserved for employees and 36814 shares for collective investment funds. The general public will be able to apply for the remaining 6,84,746 kitta.
The general public can apply for this IPO till Shrawan 18 (साउन १८). Investors can apply for minimum of 10 kitta and a maximum of 100,000 kitta.
Care Rating Nepal has given Care NP D issuer rating for this IPO. This indicates that the company has not fulfilled its financial obligations or will not be able to fulfill its financial obligations soon.
The sales manager of Mailung Khola Hydropower Company is Siddhartha Capital Limited.
How Many IPO Shares to Apply?
The company is issuing only 6,84,746 kitta IPO for the general public, which is far less than investors. Now more than 21 lakhs investors are applying for the IPO every time. So it is best idea to apply for only 10 kitta.
This IPO is also going to allotted by lucky draw like before. Only lucky 68,474 investors are going to get this IPO, so No need to apply for more than Rs. 1000 in this IPO.
How to apply for IPO?
There are two methods to apply IPO in Nepal. Investors can apply for IPO online using Mero Share and offline by visiting the banks and fill forms. Investors can choose any the method and apply.
1) Mero Share
Investors who have Mero Share account can apply for IPO online.
2) C-ASBA Bank
Similarly, IPO application can also be submitted by visiting C-ASBA member banks and financial institutions. For this, the investor has to go to the bank and fill up the IPO form.