The Buddha Bhumi Nepal Hydropower Company Limited initial public offering (IPO) came to a close earlier today at the office of issue manager Civil Capital Market Limited in Kathmandu.
The Buddha Bhumi Nepal Hydropower Company Limited’s Initial Public Offering (IPO) saw a total of 8,00,000 units valued at Rs 8 crore given to the general public as part of the company’s initial public offering (IPO) (Ashwin 11-14, 2078).
Out of the total number of units made available, the company has reserved 2 percent of the total number of shares it has made available to the general public, or 16,000 units, for its own employees and 5 percent of the total number of shares made available to the general public, or 40,000 units, for mutual funds. Each and every one of the remaining units, which total 7,44,000, is intended for the general population.
The company has a total of 40,00,000 registered shares, of which 12,00,000 shares have been distributed to members of the general public as of the date of this publication (Locals and General Public). This method of investment has resulted in the company’s paid-up capital being increased by 30 percent.
Twenty-one million and fourteen thousand nine hundred and twenty-two valid applicants submitted applications for a total of 2,421,930 units in the issue, for a total of 21 million 14 thousand nine hundred and twenty-two units in the issuance. It was oversubscribed by more than 32.53 times, which is a record for this particular issue.
Following the instructions provided by the allocation module, a total of 74,400 candidates were granted 10 units apiece through a lottery mechanism, while the remaining 19,40,522 applications received nothing.
There were 166 thousand units allocated to the company’s employees, while 40,000 units were allocated to mutual funds.
a total of 16,033 candidates who applied for 1,98,440 units were denied their applications, for a total of 1,98,440 units denied their applications