The Madhya Bhotekoshi Jalavidyut Company is launching an allotment procedure for its recently completed initial public offering (IPO) to local investors. The allocation programme will begin at 9 a.m. tomorrow, Ashwin 11, at the premises of the issue manager’s office in Naxal, Kathmandu, and will run until the end of the month.
The hydroelectric firm recently completed its initial public offering (IPO) of 60 lakh units to residents of the project’s affected area. The corporation had reopened its initial public offering (IPO) process for the project-affected residents of Sindhupalchowk district on Shrawan 5, 2078, after it had been paused on Baisakh 25, 2078. As a result, while the issue was slated to close on Shrawan 17, the deadline was extended to Shrawan 32 due to a lack of interest in the issue before its scheduled early closing date.
According to the issue manager Global IME Capital, 1,01,028 candidates applied for a total of 1,93,25,780 units, with a total of 1,01,028 applicants being accepted. This is the data following the conclusion of the issue on Shrawan 32. Please keep in mind that this is a composite of data from collecting centres and the ASBA. As a result, the issue was oversubscribed by a factor of 3.22 in terms of the number of units sold.
The IPO shares assigned to locals will be locked in for three years following the general public’s allocation of the shares in the initial public offering. During the locking period, the shares cannot be sold by the people who have been assigned them.