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Wednesday, October 20, 2021
    Nepal Stock ExchangeIPO | FPO NewsThe initial public offering (IPO) of Nyadi Hydropower was oversubscribed by 2.42...

    The initial public offering (IPO) of Nyadi Hydropower was oversubscribed by 2.42 times on the first day alone

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    In the first day of Ashwin-15, 2078, Hydropower Limited an initial public offering (IPO) of 2,250,000 units of ordinary shares with a market capitalization of Rs. 22.5 crores. The early closing date for this initial public offering (IPO) is Ashwin-20, 2078. Due to the fact that 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 issued a total of 2,250,000 units of shares, representing 15 of the total issued capital. Mutual account for 112,500 units, or 5%, of the total number of units, which is 2,250,000 units. There are 45,000 units reserved for firm personnel 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 been designated as the issue manager for the initial public offering (IPO). As reported by the issue manager, 390,375 candidates have submitted applications for a total of 5,071,640 units available. This is the information that has been provided as of 3:49 p.m. today. This results in an issue being overcrowded by 2.42 times on the first day of publication alone.

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

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