Buddha Bhumi Hydropower Company Limited IPO Allotment on Friday

6

The allotment programme for Buddha Bhumi Hydropower Company Limited’s initial public offering (IPO) of 8,00,000 units of ordinary shares will take place on Friday, Ashoj 22, at 10:00 a.m. The event will begin at 10 a.m. at the problem manager’s office. Please arrive on time.

From Ashwin-11, 2078 to the present, the firm has issued a total of 800,000 units of shares, representing 20% of the total issued capital. Mutual accounted for 40,000 out of the total of 800,000 units, or 5% of the overall sales volume. Only 2 percent of the total units, or 14,000 units, were reserved for employees, while the rest 7,44,000 units were reserved for members of the general public.

For the initial public offering (IPO), Civil Capital Market Limited has been designated as the issue manager. According to the issue manager, a total of 2,69,20,120 units have been applied for by a total of 21,42,000 applicants. Following the issue’s close at 5 p.m. on the day, the following data was reported: As a result, the issue has been oversubscribed by 36.18 times. Only 74,400 applicants, on the other hand, will be assigned a total of 10 units each.

ALSO READ  Weekend Discussion Thread (Jul 01 - Jul 03, 2022)
Leave A Reply

Your email address will not be published.