1.5 million more applications on Buddhabhumi Nepal's IPO

Sep Wed 2021 12:06:21

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1.5 million more applications on Buddhabhumi Nepal's IPO

The IPO issued by Buddhabhumi Nepal Hydropower Limited has so far received more than 1.5 million applications from investors. According to IPO issuance sales manager Civil Capital, 1,590,418 investors have applied for 2,37,220 lots. This is 27.29 times more applications than demanded.

The general public will be able to apply for the shares till September 30. Investors will have to apply for a minimum of 10 shares and a maximum of 50,000 shares.

Civil Capital Limited has acted as the issue and sale manager to make the ordinary shares of the company public