Home » Peoples Power IPO | Date Price Result Allotment
Peoples Power IPO

Peoples Power IPO | Date Price Result Allotment

With Prabhu Capital as the Share Issue Manager, Peoples Power Limited (PEPL) is about to issue IPOs on 31st Shrawan 2079. 24,67,400 Units of Peoples Power IPO are in consideration.

The general public can only avail of 22,94,682 Units of Peoples Power IPO as 1,72,718 Units have been reserved for employees and mutual funds. The company proposes to accumulate a total of Rs 24.67 Crore at a base rate of Rs 100 per share.

The general public can apply for 10-50,000 Units of IPO from 31st Shrawan 2079 to 5th Bhadra 2079.

Peoples Power will reach a Paid up capital of Rs. 63.26 Crores and a Promoter Public share ratio of 51:49 after the successful issuance. It has been rated CARE-NP BB (Is) by CARE Ratings Nepal Limited (CRNL), which also implies a moderate risk with timely servicing of financial obligations.

Also ReadMeroshare in DetailsBasics of IPOsIPO ResultsBonus And Cash Dividend

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Name of the companyPeoples Power Limited (PEPL)
Total IPOs24,67,400 Units
IPOs reserved for General Public22,94,682 Units
IPOs for Employee and Mutual Fund1,72,718 Units
Total IPO priceRs 24,67,00,000
IPO Date31st Shrawan 2079 to 5th Bhadra 2079
IPO price per unitRs. 100
IPO application quantity10-50,000 Units
Issue ManagerPrabhu Capital
Paid up CapitalRs. 63.26 Crores
Promoter Public share ratio51:49
CARE Rating NepalCARE-NP BB (Is) – moderate risk
Peoples Power IPO – Wishker

About the Company

Peoples Power was established on 26th January 2017 in Sakhejung and Maipokhari VDC of Ilam, Nepal. The project under consideration is the Upper Puwa-II hydropower project with a capacity of 4.96MW.

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