Dordi Khola Jal Bidyut Company IPO Oversubscribed By 5.84 Times

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Dordi Khola Jal Bidyut Company Ltd Company as of 10 am today i.e Jestha 30.

According to CDSC, 10,12,226 applicants have applied for a total of 118,11,420 units. Thus, the issue is already oversubscribed by 5.84 times so far.

Dordi Khola Jal Bidyut Company Ltd (DORDI) has been issuing its 20,19,869 unit IPO shares to the general public from 26th Jestha and will conclude on 31st Jestha.

Out of the total of 21,95,509 unit shares; 3% of the issue worth 65,865 shares have been allocated to employees of the company and 5% worth 1,09,775 shares for mutual funds. The remaining 20,19,869 shares are purely for the individual public. Applications can be placed for a minimum of 10 units and a maximum of 17,00,000 units.

Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance.