Last Day for IPO Application of Daramkhola Hydro Energy

Kathmandu, Shrawan 19 — Daramkhola Hydro Energy Limited is concluding the application period for its ordinary shares (IPO) issued for the general public today. This IPO, which was opened on Shrawan 15, includes 29,19,500 shares.

Previously, the company had reserved 10% of the total issued capital for project-affected individuals and Nepalis in foreign employment. For the shares issued to the general public, a minimum application of 10 shares and a maximum of 50,000 shares is allowed.

After receiving approval from the Securities Board of Nepal on Jestha 20, Daramkhola Hydro is issuing 395,000 ordinary shares at a par value of 100 rupees per share, amounting to a total value of 39 crore 50 lakh rupees.

Investors can apply through branches of banks and financial institutions that are approved as 'ASBA' members by the Securities Board of Nepal. Additionally, the application process can also be completed online using the MeroShare system.

According to the data received so far, more than 17,72,278 applicants have participated in this IPO. They have applied for shares totaling 2,13,77,140, which is nearly 8.82 times more than what's available.

Given this ratio, the likelihood of most applicants receiving shares is low. According to available data, only about 13.67% of applicants will receive the minimum of 10 shares, while more than 1.5 million other applicants are likely to leave empty-handed.