Balephi Hydropower Extends Deadline for Locals IPO Again, Issue Only Subscribed 87.22%

Fri, Mar 4, 2022 10:24 AM on Latest, IPO/FPO News,

Balephi Hydropower Limited has extended the deadline for its locals IPO issue.

The company has been issuing its 18,27,970 unit IPO shares to the project-affected locals of Sindhupalchowk District from Magh 27, 2078. The early closing date was on Falgun 12. However, the issue is unsubscribed still, and the deadline has been extended till Falgun 27, 2078.

According to CDSC, 6,572 applicants have applied for a total of 15,94,450 units. This is the data as of 10: 04 am today. Thus, the issue has only been subscribed 87.22% as of now.

Interested locals can place their applications for a minimum of 10 units and a maximum of 1,00,000 units. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.

ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 4+ to this initial public offering (IPO) issue, indicating below-average fundamentals.