Good news for the investors. Peoples Power Limited will issue an IPO on the 31st of Shrawan. Earlier, the company had issued an IPO for the residents of the project-affected areas. After that, the company is going to issue an IPO for the general public.
The company is about to launch an IPO at a face value of Rs 100 per share. Peoples Power Limited is about to issue a total of 24,67,400 shares.
Among them, 2 percent i.e. 49 thousand 348 shares have been reserved for the employees of the company while 5 percent i.e. 1 lakh 23 thousand 370 shares have been distributed to collective investment funds.
General investors can apply for the remaining 22,94,682 IPO shares.
See the overview of Peoples Power Limited IPO in short
|For General Investors||22,94,682|
|For Mutual funds||1,23,370|
|Share Price||Rs. 100|
|IPO Date||Shrawan 31 – Bhadra 05|
|IPO to apply||10 – 5000|
|IPO Rating||Care NP Double B|
|IPO Issue manager||Prabhu Capital Limited|
Investors have to apply for the purchase of a minimum of 10 shares and can apply for a maximum of 50,000 shares.
The IPO issue will close on Bhadra 5. If all the IPOs are not sold by that period, the IPO deadline will be extended. IPO applications will be open till Bhadra 14th.
Peoples Power Limited’s IPO has received Care NP Double B Issuer Rating. Care Rating Nepal has rated this company for an IPO, indicating that it has a moderate risk to its ability to bear liabilities.
Prabhu Capital Limited has been appointed as the share issue and sales manager of the company.
Interested investors can apply for IPO by visiting banks and financial institutions with ASBA facilities. Similarly, investors who have a Mero Share account can apply online.
In this IPO it is advisable to apply for Rs 1000 for only 10 shares. More than 2 million active investors are active in IPO applications. So you have to rely on luck to get an IPO allotment. According to the rules of SEBON, every time IPO allotment is done according to a lucky draw