Barun Hydropower IPO allotment to be made public tomorrow

ShareSansar April 22:

The share allotment of the Initial Public Offering of Barun Hydropower is set to take place tomorrow at 8 am at the premises of Civil Capital Limited.

Barun Hydropower Company Limited had started floating its Initial Public Offering (IPO) from March 1 which lasted till March 4. The company had floated a total 4,86,000 units of ordinary shares at face value of Rs 100.

The company has allocated 24,300 units shares for the mutual funds, 8,720 units for the staff members of the hydro power company and 4,51,980 units for general public.

The IPO of Barun Hydropower was oversubscribed more than 100 times and the offer collected Rs 4 arba 41 crore, much more than what it had planned to raise.