Are you ready to apply for an IPO? Yes, here is the latest IPO alert. Keep the money ready for it. These 3 companies are upcoming IPO that is going to knock soon. Mailung Khola hydropower IPO is opening on Shrawan 14, Sanima Life Insurance IPO on Shrawan 20 and Manushi Laghubitta IPO on Shrawan 27.
Read This: Upcoming IPO in Nepal 2021, check the list here
How to apply?
The general public can apply for an IPO online through Mero Share. Similarly, those who do not have Mero Share can apply from C-ASBA member banks and financial institutions and their branch offices.
Mailung Khola Hydropower IPO
Mailung Khola Hydropower Company is going to issue IPO from Shrawan 14 (साउन १४). The IPO will be closed on Shrawan 18 (साउन १८). The company is issuing 736,286 ordinary shares IPO at face value of Rs 100 per share.
The company has reserved 14,726 shares for employees and 36,814 shares for mutual funds. The general public will be able to apply for the remaining 684,746 units only.
Applications can be submitted for a minimum of 10 units and a maximum of 100,000 units. Siddhartha Capital Limited is the IPO sales manager of the company.
Care Rating Nepal has given Care NP D Issuer rating to the company. This indicates that the company has not fulfilled its financial obligations or cannot fulfil them quickly. The financial situation of the company is weak.
Sanima Life Insurance IPO
Sanima Life Insurance is going to issue IPO from Shrawan 20 (साउन २०). The company is about to issue 60 Lakh IPOs worth Rs 60 Karod.
The company has reserved 300,000 units of IPO for employees and another 300,000 mutual funds. The public will only be able to apply for the remaining 54 Lakh units in the IPO.
The IPO will open on Shrawan 20 (साउन २०) and it closes on Shrawan 24 (साउन २४). Investors can apply for a minimum of 10 units and a maximum of 30,000 units.
Prabhu Capital Limited is the IPO sales manager. Care Rating Nepal has given Care NP Triple B Issuer Rating to Insurance. This indicates that it is moderately safe to meet financial obligations on time.
Manushi Laghubitta IPO
Manushi Laghubitta is going to issue IPO from Shrawan 27 (साउन २७). Company is about to issue 3,93,750 IPO shares worth Rs 3,93,75,000.
The company has reserved 5,469 units shares for the employees and 19,688 units for the mutual funds. The general public can apply for the remaining 368,593 IPO shares.
The IPO will be closed on Shrawan 31 (साउन ३१). Investors will be able to apply for a minimum of 10 units and a maximum of 1,000 units.
Manushi Laghubitta has appointed Nepal SBI Merchant Banking Limited as sales manager. Care Rating Nepal has given Care NP B Plus Issuer rating to the company. This indicates a high risk of not being able to meet financial obligations on time.
Conclusion: Investors must apply for this upcoming IPO. All this IPO will be allotted through the lucky draw according to Sebon. These IPOs are 3x – 9x Profitable because all these companies are opening IPO at a face value of Rs 100. IPO Allotment will depend on luck because these days more than 21 lakhs of investors are applying for an IPO.
