Tutor Chetan
Upcoming IPO News
Singati Hydro Energy Limited
Notices:
Singati Hydro Energy Limited is going to issue its 29,00,000.00 IPO shares to the general public starting from 6th - 10 th Chaitra, 2077. If the issue is not subscribed by the early closing date, the deadline can be extended up to Chaitra 20.
The company has a total of 1.45 crore registered shares of which 29 lakh shares will be issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 29 crores in paid-up capital. 2% of the issue, i.e. 58,000 units have been set aside for the employees of the company and another 5% to mutual funds i.e 1,45,000 units. The remaining 26,97,000 units are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 2,00,000 units.
Mega Capital Markets Limited has been appointed as the issue manager for the IPO issuance.
The company is issuing 43,50,000 units IPO shares, out of which 14,50,000 units share is already offered to locals of project affect areas in the first phase and the remaining shares are now offered to the general public in the second phase.
After the issuance of shares to locals and general public company capital will be Rs 1.5 arba and public and promoter shares holding will be 70:30.
