Eastern Hydropower IPO Collection Crosses Rs. 1.03 Arba Till Third Day; Oversubscribed by More than 16.54 Times

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Eastern Hydropower Limited (EHL) as of 10 am today i.e Ashwin 31.

Eastern Hydropower Limited (EHL) has been issuing its 6,70,310 unit IPO shares to the general public from Ashwin 28 and will conclude on 1st Kartik, 2079. If it is not fully subscribed the issue will be extended up till Kartik 14, 2079. Out of the offered 6,70,310 units; 2% of the total offered shares i.e. 13,406 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 33,515 units have been set aside for the mutual funds. The remaining 6,23,389 units are for the general public. The paid up capital of the company will reach to Rs. 62 Crores after the IPO issuance.

Applications can be placed for a minimum of 10 units and a maximum of 1,00,000 units. NMB Capital Limited is appointed as the issue manager for the IPO issuance.

According to CDSC, 904,805 applicants have applied for a total of 1,03,11,270 units. Thus, the issue is already oversubscribed by 16.54 times so far.