Barun Hydropower to refund IPO non-allottees from Baishakh 22

ShareSansar, May 3:

Barun Hydropower Company Limited will be refunding excess money collected from investors from Baisakh 22 on Tuesday. Barun Hydropower had announced the allotment of shares under its IPO of 4,86,000 kittas on Baishakh 10, 2072.

The bank has urged non-allottee investors to visit their respective collection centers with receipt to collect their refund money through account payee cheque. The non-allotees have to bring their receipt with a copy of citizenship or authorization letter to collect their payment slip.

Civil Capital Market Limited is the issue manager.

The IPO of Barun Hydropower was oversubscribed more than 95 times and the company collected Rs 4 arba 41 crore, much more than what it had planned to raise through the offer.