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

Wed, Jul 27, 2022 11:24 AM on Latest, IPO/FPO News,

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Mandakini Hydropower Company Limited (MAHCL) as of 5pm yesterday i.e Shrawan 10.

Mandakini Hydropower Company Limited (MAHCL) has been issuing its 11,76,073 unit IPO shares to the general public from 9th Shrawan and will conclude on 12th Shrawan, 2079. If it is not fully subscribed the issue will be extended up till Shrawan 23, 2079. Out of the total 11,76,073 units; 2% of the total offered shares i.e. 23,521 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 58,803 units have been set aside for the mutual funds. The remaining 10,93,749 units are for the general public. The paid up capital of the company will reach to Rs. 58.80 Crores after the IPO issuance.

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

According to CDSC, 810,953 applicants have applied for a total of 93,24,220 units. Thus, the issue is already oversubscribed by 8.52 times so far.