Emerging Nepal Limited IPO result, Kathmandu Based company, has announced the final IPO share allotment on Sunday 16th February 2022. NIBL Asia Capital is the official IPO registrar for this IPO.
Many investors are anxiously waiting for the Emerging Nepal Limited IPO Result allotment later in the day. There are two ways through which investors can check the share allotment. Investors can visit the Mero share (CDSC) website or the IPO registrar’s website.
Emerging Nepal Limited IPO Result
Emerging Nepal Limited private company’s 70 crores initial public offering (IPO) received a resounding response from investors when it was open for subscription from Magh 26st to Falgun 1th. According to CDSC, 25,59,540 applicants have applied for a total of 3,25,20,580 units, the highest number of applicants seen in a single IPO issue. Thus, the issue has been oversubscribed 65.65 times.
According to the IPO prospectus, the refund process of the Emerging Nepal Limited IPO result will be on Thursday after the share allotment. The credit of Sahas Limited IPO result shares to Demat accounts will be done within Thursday, and the stock is likely to be listed by the next Monday.
The given link will be activated soon to check the IPO result. You will have to visit the official portal and then you will have various options where you need to follow the procedure which is mentioned exactly on this page. So now the investors are waiting to check their Emerging Nepal Limited IPO Result status. They can check the status from Mero share and Prabhu Capital directly.
How to Check IPO (Allotment) Result of Emerging Nepal Limited:
You can check the Emerging Nepal IPO result on the MeroShare website Meroshare.cdsc.com.np by going to the application report and entering your Demat number or BOID number. Here is how you can check the share allocation status:
To get IPO allotment result status for Emerging NepalIPO, visit https://iporesult.cdsc.com.np/
On MeroShare, select and then from the dropdown, select ‘Emerging Nepal Private Limited’
Enter your BOID or DMAT number and any other necessary required details.
You will see allotment status where the share is allotted or not marked question on the screen.
(Please note the details will only be available once the Emerging Nepal Limited Company shares are allotted.
Investors will be able to apply for a minimum of 10 units and 5,16,708 units. The IPO issuance and sales manager is Prabhu Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and through the MeroShare website and app.
ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB + (pronounced ICRA NP issuer rating double B plus) to Emerging Nepal Limited.
Alternative Ways to IPO Result NIC Asia Capital
You can also visit the issuer website (NIC Asia Capital) to check your Emerging Nepal Limited IPO Result status:
- Visit the NIC Asia Capital Limited official website issuer website www.NIC Asiacapital.com
- Click on ‘Select company’ and click on ‘Emerging Nepal Limited’. It will only appear after the allotment of shares.
- Once the company is selected, you will have to enter either your Boid number, the application number.
- Enter the captcha and click ‘submit’.
- Once you click ‘submit, the status of your application will appear on the screen. Please ensure the details that you provide are correct.
It will show the number of shares you subscribed to and the number of Emerging Nepal Limited Limited IPO shares allotted to you.
Out of the offered 5,55,600 units; 2% of the total offered shares to the general public i.e. 11,112 units were set aside for the employees of the company and 5%, i.e. 27,780 units for mutual funds. The remaining 5,16,708 units were for the general public.
The issue had received applications from 23,28,706 valid applicants who had applied for a total of 2,64,01,970 units. The issue was oversubscribed more than 51.096 times.