The IPO allotment result of Solu Hydropower Limited has been officially published today. The allotment was completed by issue managers Nabil Investment Banking Limited and Himalayan Capital Limited.
👉 Click Here to Check IPO Result
The IPO had received massive demand from investors across the country. According to CDSC, 25,70,422 applicants had applied for a total of 3,17,08,390 shares, resulting in the issue being oversubscribed by 3.86 times.
Out of the 82,00,000 shares issued to the general public, only 8,20,000 applicants have received shares through the lottery-based allotment system. Each successful applicant has been allotted 10 units, while the remaining applicants did not receive shares.
IPO Background
Solu Hydropower Limited had opened its IPO for the general public on 29th Poush, 2082, and closed the issue on 4th Magh, 2082. The company’s issued capital stands at Rs 10 Arba, with 20 percent allocated to public investors.
The company operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district.Step 1: Visit the Official CDSC IPO Result Website
How to Check Solu Hydropower IPO Result
1: Checking Solu Hydropower IPO Result via CDSC Portal
Step 1: Visit the Official CDSC IPO Result Website
The fastest and most reliable way to check your IPO result is through the Central Depository System and Clearing Ltd. (CDSC) official portal.
- Go to https://iporesult.cdsc.com.np.
- You will see a page with a dropdown menu for companies that recently issued IPOs.
Step 2: Select Solu Hydropower Limited
Choose Solu Hydropower Limited for which you have applied for the IPO. This ensures you see results specifically for your application.
Step 3: Enter Your BOID
Your BOID (Beneficiary Owner ID) is a unique 16-digit number provided by your demat account or Mero Share account. Enter this number carefully to check your result.
Step 4: Enter the Captcha
Type the captcha code shown on the screen to verify that you are a human user.
Step 5: Click “View Result”
After entering your details, click the “View Result” button. The system will show one of two results:
- Allotted: You have been allocated shares. The allotted quantity will also be displayed.
- Not Allotted: You were not allotted any shares.
2. Checking Solu Hydropower IPO Result via Mero Share
If you have a Mero Share account, you can check your IPO allotment there as well:
- Log in to https://meroshare.cdsc.com.np.
- Go to the My ASBA menu.
- Click Application Report.
- Select the Solu Hydropower Limited you applied for.
- Under the Status column, you will see either Allotted or Not Allotted.
- This method is convenient for investors who actively track their investments using Mero Share.
3. Checking Solu Hydropower IPO Result via Nabil Investment Banking Website
Go to the official site of Nabil Investment Banking Limited
Open the IPO result section
- Select the Solu Hydropower Limited you applied for.
Enter your BOID or application number
4. Checking Solu Hydropower IPO Result via Himalayan Capital Limited Website
Go to the official site of Nabil Investment Banking Limited
Open the IPO result section
- Select the Solu Hydropower Limited you applied for.
Enter your BOID or application number
About Solu Hydropower Limited
Solu Hydropower Limited operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district. The company was originally incorporated in June 2010 and converted into a public company in July 2022. It is backed by prominent Nepali business groups such as Triveni, Vishal, Goyal, Rathi, Baidya, and Jain.
The company has been assigned an IRN BB issuer rating by Infomerics Credit Rating Nepal, indicating a moderate risk level in meeting its financial obligations.