Sahas urja Limited IPO Result: Check Now

The IPO Result of sahas urja limited today published by NIBL ACE Capital.

In the first phase of the Sahas urja IPO, the company had issued 35 lakh unit shares to the locals of the project-affected areas. The issue was open from Shrawan 29, 2078 BS -Bhadra 11, 2078 BS.

Sahas urja Limited IPO Result: Check Now (Locals)

NIBL ACE Capital : Sahas urja Limited IPO Result

Checking the Sahas urja Limited IPO Allotment Status via the Issue Manager Website ( NIBL ACE Capital IPO Result)

1) Go to the official Link NIBL Ace Capital website using the URL: (https://result.niblcapital.com/)

2) Then you need to select the ‘ Sahas urja Limited Limited’ option from the drop-down list under ‘Company’.

3) Select DMAT Numer to proceed to the next step

4) Enter the details of the mode you selected.

5) select the ‘Submit’ option.

About Sahas urja Limited

Sahas Urja Ltd.(SUL) established on Magh 2070 B.S as private limited company later converted to public limited company on Bhadra 2071 B.S., comprises of a group of veterans in the field of entrepreneurship having innovative ideas of modern enterprises with advanced development strategies and management concepts. Sahas Urja Ltd. commits to create superior value for all its shareholders and stakeholders and aimed to be among most admired and trusted company in the country. It has planned to contribute to the national economy through accelerated hydropower development.

Hydro Venture Pvt. Ltd. (HVPL), a limited liability company,was established with the main objective to develop, build and operate hydroelectric project in Nepal. The company from its very beginning was focusing on the development of the Solu Khola (Dudh Koshi) Hydroelectric Project. The company had completed Feasibility Study, Environmental Impact Assessmentand Connection Agreement, obtained Generation License from Department of Energy Development (DoED) and finally concluded a Power Purchase Agreement (PPA) with Nepal Electricity Authority on 25th February 2015. Regardless of the license of the Solu Khola (Dudh Koshi) Hydroelectric Project (SKDKHEP) under Hydro Venture Pvt. Ltd., (a 100% subsidiary of Sahas Urja Ltd) the project was being developed by the Sahas Urja Limited (SUL). At this point HVPL has been completely acquired by (SUL) with the endorsement from Company Registrar’s Office (Received on 12th March 2017), licenses transferring process from HVPL to SUL was completed on 2074/1/29 B.S.

Sahas Urja Limited is going to issue an Initial Public Offering (IPO) from Ashwin 6, 2078 BS. In the second phase of the IPO, the company is planning to sell 70 lakh unit shares to the general public . At a face value of Rs 100, the public issue amounts to Rs 70 crores. Interested investors can apply for the shares until Ashwin 10, 2078 BS.

Out of the total public issue, 3 percent or 2,10,000 shares are reserved for the employees of the company. Likewise, 5 percent or 3,50,000 shares are allotted to the mutual fund schemes. Hence, the general public can participate for the remaining 64.40 lakh shares. One can apply for a minimum of 10 shares and a maximum of 10.50 lakh shares.

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