Nepal Warehousing Ipo result || Check our your allotment

Today, the IPO allocation for Nepal Warehousing Company Limited concluded at the offices of Himalayan Capital Limited, the issue manager in Kathmandu. The company initially offered 1,141,250 IPO shares at a par value of Rs 100 each to the general public from the 10th to the 13th of Mangsir, 2080.

                                    

Out of the total 1,375,000 units, 10% (137,500 units) were allocated to Nepalese citizens working abroad, 2% (27,500 units) were reserved for company employees, and 5% (68,750 units) were set aside for mutual funds. The remaining 1,141,250 units were available for the general public.

The IPO attracted significant interest, with 11,91,988 valid applicants applying for a total of 1,26,56,720 units, resulting in an oversubscription of 11.09 times. In the allotment process, 1,14,125 applicants received 10 units each through a lottery, leaving 10,77,863 applicants without an allocation.

Mutual funds received 68,750 units, and company employees were allotted 27,500 units. Unfortunately, 3,661 applicants who applied for 48,730 units were disqualified.

ICRA Nepal reaffirmed the issuer rating of [ICRANP-IR] BB- for Nepal Warehousing Company Limited. This rating indicates a moderate risk of default concerning the timely servicing of financial obligations.

click here to check out result :   Ipo Result