Sameling Power Company Limited has started the process for the share-related work. Sameling Power Company Limited has appointed Nepal SBI Merchant Banking Limited as the share registrar.

 

Sameling Power Company Limited has started the process for the share-related work. Sameling Power Company Limited has appointed Nepal SBI Merchant Banking Limited as the share registrar.

The meeting of the Board of Directors of the company has appointed Nepal SBI Merchant Banking Limited as the Registrar of Shares to keep records of the securities transactions of the company, reject the filing, transfer of name, withholding and keep the cost of the shareholders updated.

From now on, all the activities under the share registrar of the company will be done through Nepal SBI Merchant Banking Limited. 

Samling Power Company Limited had issued and sold 730,000 ordinary shares at a face value of Rs 100 per share from November 19 to November 20.

Out of which 2 percent or 14,600 shares were allotted for employees, 5 percent or 36,500 shares for collective investment funds, and 678,900 shares for the general public. The distribution of the ordinary shares (IPO) was completed (Tuesday, November 3).

As there were more applications than the demand, the IPOs were distributed through the Gaela system. Till the last day, 2,198,764 applicants had applied. Of which, applications of 9,986 have been rejected.

The number of eligible applicants was 2.188 million. According to this, 67,890 people had received shares at the rate of only 10 lots.