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Wednesday, October 20, 2021
    Nepal Stock ExchangeIPO | FPO NewsMadhya Bhotekoshi Company Limited IPO Opens

    Madhya Bhotekoshi Company Limited IPO Opens

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    From Ashwin-20, 2078, the Madhya Bhotekoshi Jalavidhyut Company Limited would 9,000,000 of ordinary shares, at Rs. 90 crores, to the general public in order to raise funds. The early closing date for this initial public offering (IPO) is Ashwin-25, 2078. If this issue not receive a sufficient number of subscriptions by Ashwin-25, 2078, the will be extended until Kartik-03, 2078.

    Beginning in Ashwin-2078, the firm intends to a total of 9,000,000 of shares, representing 15 percent of the entire issued of the company. Mutual funds account for 450,000 units, or 5%, of the total number of 9,000,000 units in circulation. 4 percent of the total units, or 360,000 units, are reserved for corporate employees, while the rest 8,190,000 units are reserved for the general public.

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    Applications for a minimum of ten units and a maximum of ten thousand units can be submitted simultaneously.

    manager Global IME Limited has been engaged to oversee the offering.

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