NTC's floated capital
"The government of Nepal is set to launch the country’s largest ever initial public offering (IPO) next week when its sells 15 million shares in national PTO Nepal Telecom (NT), equivalent to a 10% stake in the company, for at least NPR9 billion (USD138.3 million). The state has set a minimum price of NPR600 per share, representing a face value of NPR100 and a premium of NPR500 per share. The IPO will last for 35 days and no individual or organisation will be allowed to buy more than 5,000 shares. The state-controlled operator has already sold 7.5 million shares, or 5% of the company, to employees."
https://www.telegeography.com/.../nepal-to-launch-nt-ipo.../.
Hence, total floated shares are 15 million + 7.5 million, which is total 225 Corer shares. The amount to be 2.25 corer X 100 = 2.25 Arab. This is about 15% (10% + 5%) of Telecom's total capital. Please friends, correct me, if I have made some calculation errors.
N. B. The applicants paid minimum Rs 600 in premium, means it is real paid is more than 9 Arab and the employees paid Rs 90 only per share, which 67 Corer. Therefore, money payment wise, this is the biggest IPO.
Hence, total floated shares are 15 million + 7.5 million, which is total 225 Corer shares. The amount to be 2.25 corer X 100 = 2.25 Arab. This is about 15% (10% + 5%) of Telecom's total capital. Please friends, correct me, if I have made some calculation errors.
N. B. The applicants paid minimum Rs 600 in premium, means it is real paid is more than 9 Arab and the employees paid Rs 90 only per share, which 67 Corer. Therefore, money payment wise, this is the biggest IPO.
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