A total of 90,00,000 units worth Rs 90 crore will be made available to the general public as part of the Initial Public Offering (IPO) by Madhya Bhotekoshi Jalavidyut Company Limited (Ashwin 20-25, 2078). The issue will close early on Ashwin 25, and if it is not completely subscribed by Ashwin 25, it will be prolonged until Kartik 3, 2078. If the issue does not close early on Ashwin 25, it will be extended until Kartik 3, 2078.
The company has reserved 4 percent of the total number of shares it has offered to the general public, or 3,60,000 units, for the benefit of its employees, and 5 percent of the total number of shares offered to the general public, or 4,50,000 units, have been reserved for the benefit of mutual funds. For the rest of the 81,90,000 units, they are intended for the general public.
Applications for a minimum of 10 units and a maximum of 10,000 units can be submitted.
International Money & Capital Limited has been designated as the issue manager for the initial public offering (IPO).
Ten percent of the company’s issued capital has already been distributed to locals, with the remaining fifteen percent distributed to the general public.
The proposed Initial Public Offering (IPO) of Madhya Bhotekoshi Jalavidyut Company Limited has been graded ‘CARE-NP IPO Grade 4+’ by the Central Research and Development Laboratory (CRNL) (MBJCL). ‘CARE-NP IPO Grade 4+’ shows that the fundamentals are below average.
It should be noted that the company has already distributed shares to depositors of the Employee Provident Fund and to employees of the promoter shareholding company in a series of phases.
Madhya Bhotekoshi Jalavidyut Company Ltd. is a public limited company that was established on July 29, 2010 in Madhya Pradesh, India. It is being marketed by Nepal Electricity Authority (NEA), a government-owned corporation, and Chilime Hydropower Company Limited (CHCL), a 51 percent subsidiary of NEA, for the construction of a 102 MW run-of-river hydroelectric project in the Sindhupalchowk district of Nepal.