Three Star Hydropower Limited is a hydropower company in Nepal that has received approval from the Securities Board of Nepal (SEBON) to issue an Initial Public Offering (IPO). The IPO will consist of 12,31,250 shares at a face value of Rs 100, which means that the total public issue amounts to Rs 12.31 crores.
The IPO will be open to the general public from Ashad 5, 2080 BS (June 23, 2023). Out of the total shares, 36,938 shares are allotted to the mutual fund schemes while 14,775 shares are reserved for the employees of the company. Hence, the general public can participate in the remaining 6,13,162 shares.
The IPO subscription period will be from Ashad 5 to 12, 2080 BS (June 23 to 30, 2023). The shares will be allotted on a pro-rata basis.
The proceeds from the IPO will be used to finance the construction of the company’s 7.15 MW Haleshi Khotang Hydropower Project. The project is located in Haleshi Tuwachung Municipality, Khotang district.
If you are interested in participating in the Three Star Hydropower IPO, you can apply online through the SEBON website or through a registered broker. The application process will open on Ashad 5, 2080 BS.
Here are some important dates for the Three Star Hydropower IPO:
- Application opening date: Ashad 5, 2080 BS (June 23, 2023)
- Application closing date: Ashad 12, 2080 BS (June 30, 2023)
- Share allotment date: Ashad 19, 2080 BS (July 7, 2023)
- Share listing date: Ashad 26, 2080 BS (July 13, 2023)
I hope this information is helpful. Please let me know if you have any other questions.
Last Day To Apply For Three Star Hydropower’s IPO; Issue Oversubscribed by 13.9 Times So Far
Today, June 23, 2023, is the last day to apply for Three Star Hydropower’s IPO. The issue has been oversubscribed by 13.9 times so far, with bids for 90.4 million shares against the offer of 6.5 million shares. The issue price is Rs 100 per share.
The IPO is open to all Nepali citizens who are residents of Nepal. Applications can be submitted online through the Securities Trading Center (STT) or at any of the authorized selling agents. The application deadline is 5:00 PM today.
The shares will be allotted on a first-come, first-served basis. Applicants who are successful in the allotment will be notified by the company within 15 days of the closing of the issue.
Three Star Hydropower is a hydropower company with a project portfolio of 7.15 MW. The company’s IPO is expected to raise Rs 650 million, which will be used to finance the construction of its hydropower projects.
If you are interested in investing in Three Star Hydropower’s IPO, you can apply online through the STT or at any of the authorized selling agents. The application deadline is 5:00 PM today.
Here are some of the key details of the IPO:
- Issue price: Rs 100 per share
- Face value: Rs 100 per share
- Number of shares offered: 6.5 million shares
- Oversubscription ratio: 13.9 times
- Application deadline: 5:00 PM, June 23, 2023