16.1 C
Kathmandu
Wednesday, October 27, 2021
More
    Nepal Stock ExchangeIPO | FPO NewsThe initial public offering (IPO) of Nyadi Hydropower was oversubscribed by 12.31...

    The initial public offering (IPO) of Nyadi Hydropower was oversubscribed by 12.31 times

    Must Read

    has begun the initial offering (IPO) of 2,250,000 units of ordinary shares valued at Rs. 22.5 crores from Ashwin-15, 2078, according to the company. The early closing date for this initial public offering (IPO) is Ashwin-19, 2078. Due to the fact the issue was already oversubscribed on the first day, it will close at the earlier than scheduled closing date.

    From Ashwin-15, 2078 to the present, the firm has issued a total of 2,250,000 units of shares, representing 15 percent of the total issued capital. Mutual funds account for 112, units, or 5%, of the total number of units, which is 2,250,000 units. There are 45,000 units reserved for firm and a total of 2,092,500 units reserved for the general public, representing a 2 percent share of the total number of units.

    - Advertisement -

    International Money & Capital Limited has been designated as the issue manager for the initial offering (IPO). According to the problem manager, a total of 22,398,990 units have been applied for, with 1,818,606 applicants submitting applications. This is the information has been provided as of 5:30 p.m. today. Consequently, on the third day alone, the issue has already been oversubscribed by a factor of 12.31.

    It is possible to submit applications for a of ten units and a maximum of fifty thousand units.


    You May Also Like

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Between the middle of July and the middle of October, the NCHL processed over Rs 4 trillion in digital payments.

    During the first three months of the current fiscal year, the Nepal Clearing House Limited (NCHL) settled payments totaling...

    More Articles Like This