Home / Business / IPO Shares of Mailung Khola Jal Vidhyut Company (MKJC) Listed in NEPSE

IPO Shares of Mailung Khola Jal Vidhyut Company (MKJC) Listed in NEPSE

36,81,430 units shares of Mailung Khola Jal Vidhyut Company Limited (MKJC) are now listed in NEPSE.

The opening range is Rs.95.75 to Rs. 287.25 for the first transaction. If the first transaction happens in the range during the pre-open session, the shares will be traded in the secondary market from tomorrow itself.

Mailung Khola Jal Vidhyut Company Limited had issued 7,36,286 units worth Rs 7.36 crore as Initial Public Offering to the general public from (Shrawan 14-18, 2078). Out of the offered 7,36,286 units; 2% of the total offered shares to the general public i.e. 14,726 units were set aside for the employees of the company and 5% for mutual funds. The remaining 6,84,746 units were for the general public.

The issue had received applications from 20,65,124 valid applicants who had applied for a total of 2,68,40,880 units. The issue was oversubscribed more than 39.20 times. As per the allotment module, a total of 68,474 applicants were allotted 10 units each via lottery. Six lucky applicants got 1 unit extra, and the remaining 19,96,650 applicants returned empty hands.

A total of 14,726 units were allotted to staff of the company and 36,814 units were allotted to mutual funds. In total 2,843 applicants who applied for 38,680 units were disqualified.

Leave a comment

Check Also

Share Trading of Ridi Power Company Limited (RIDI) Finally Released After 10 Days

Few days back, according to the official notice of the Nepal Stock Exchange (NEPSE), the ...