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Wednesday, October 27, 2021
    Nepal Stock ExchangeIPO | FPO NewsBuddha Bhumi Hydropower's initial public offering (IPO) was oversubscribed 12.76 times; the...

    Buddha Bhumi Hydropower’s initial public offering (IPO) was oversubscribed 12.76 times; the issue concludes tomorrow.

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    In an initial public offering (IPO), Buddha Bhumi Hydropower Company Limited has opened doors to the general public to purchase 8,00, units 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 800, units 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.

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    As the issue for the initial public offering (IPO), Civil Capital Market Limited has been appointed. According to the problem manager, a total 2,03,07,220 units have been applied for, with 15,90,418 people submitting applications. is the information that has been provided as 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.

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