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    Nepal Stock ExchangeIPO | FPO NewsBuddha Bhumi Hydropower Company Limited IPO Allotment on Friday

    Buddha Bhumi Hydropower Company Limited IPO Allotment on Friday

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    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 the present, the firm has issued a total of 800,000 units of shares, representing 20% of the total issued capital. Mutual funds accounted for 40,000 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 corporate employees, while the rest 7,44,000 units were reserved for members of the general public.

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    For the initial public offering (IPO), Civil Capital Market Limited has been designated as the issue manager. According 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 final day, the following data 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.

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