In an initial public offering (IPO), Buddha Bhumi Hydropower Company Limited has opened its doors to the general public to purchase 8,00,000 units of ordinary shares worth Rs. 8 crores from Ashwin 11. Due to the fact that the issue was already oversubscribed on the first day, it will be closed on the following day.
From Ashwin-11, 2078 to the present, the business has issued a total of 800,000 units of shares, representing 20 percent of the total issued capital. There are 40,000 units, or 5%, of the total of 800,000 units allocated to mutual funds. 2 percent of the total units, or 14,000 units, are reserved for corporate employees, while the rest 7,44,000 units are reserved for the general public.
As the issue manager for the initial public offering (IPO), Civil Capital Market Limited has been appointed. According to the problem manager, a total of 2,03,07,220 units have been applied for, with 15,90,418 people submitting applications. This is the information that has been provided as of 5 p.m. today. As a result, the issue has already been oversubscribed a total of 12.76 times.
It is possible to submit applications for a minimum of ten units and a maximum of five thousand thousand units.