Balephi Hydropower Extends Deadline for Locals IPO, Issue Only Subscribed 43.85%

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 19, 2078.

According to CDSC, 4,116 applicants have applied for a total of 8,01,670 units. This is the data as of 10: 03 am today. Thus, the issue has only been subscribed 43.85% 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.

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