How Many Have Applied for Public Issue of "Barahi Hydropower" So Far?

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Barahi Hydropower Public Limited as of 2 pm today i.e Mangsir 23.

Barahi Hydropower Public Limited has been issuing its 5,54,000 unit IPO shares to the general public from 21st Mangsir which will conclude on 26th Mangsir but if the issue is not fully subscribed then it can be extended up to Poush 06, 2079. Out of the total 5,54,000 units; 2% of the total offered shares i.e. 11,080 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 27,000 units have been set aside for the mutual funds. The remaining 5,15,920 units are for the general public. The paid-up capital of the company will reach Rs. 25 Crores after the IPO issuance.

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

According to CDSC, 621,038 applicants have applied for a total of 72,27,590 units. Thus, the issue is already oversubscribed by 14.03 times so far.