The initial public offering (IPO) of Nyadi Hydropower was oversubscribed by more than 8.25 times


Nyadi Hydropower Limited 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 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 has issued a total of 2,250,000 units of shares, representing 15 percent of the total issued capital. Mutual funds account for 112,500 units, or 5%, of the total number of units, which is 2,250,000 units. 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.

Money & Capital Limited has designated as the issue manager for the initial offering (IPO). According to the problem manager, a total of 17,252,240 units have applied for, with 1,379,665 applicants submitting applications. This is the information that was available as of 5:30 p.m. yesterday. As a result, the issue is already overcrowded by more than 8.25 times on the second day of distribution.

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

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