Butwal Power’s FPO allotment to be held tomorrow; Applicants to be allotted 100%

The much talked about FPO of Butwal Power is to be allotted tomorrow i.e. Chaitra 14, 2074 (Wednesday). The issue manager, NMB Capital Limited, is said to have informed the Securities Board about the scheduled allotment. The company had floated 40.81 lakh unit shares worth Rs 2.04 arba from Magh 15 till Magh 19, 2074. The company had called up for institutional investors for the issue from Magh 26. Still, 11.69 lakh unit shares remained unsubscribed for and the underwriters had to buy the remaining shares. The FPO was floated for Rs 501 per unit of share. BPCL has earned Rs 59.92 crore in the second quarter of the current fiscal year. Its paid up capital stands at Rs 1.81 arba.