More than 4 lakh people filled IPO of Balefi Hydropower On the first day

Mar Wed 2022 02:44:15

206 views

More than 4 lakh people filled IPO of Balefi Hydropower On the first day

Kathmandu. The IPO issued by Balefi Hydropower Limited has been filled by 433,471 people on the first day. According to CDS & Clearing Limited, these applicants have to pay Rs. They have applied for 52.22 million 480 lots equal to 52.22 million. The number of applications is 3.13 times more than the demand. The company has raised Rs. A total of 18 lakh 27 thousand 970 IPO lots with 100 face value have been opened for sale.

 Of the total shares sold to the public, 4 percent or 73,119 shares are reserved for company employees and 5 percent or 91,398 shares are reserved for collective investment funds. The remaining 1,663,453 shares have been sold through public issue.

There is a provision for a minimum of 10 lots and a maximum of 100,000 lots for the IPO purchase. The IPO sales manager is Global IME Capital Limited.