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    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

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    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.

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    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.

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