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

Thu, Sep 15, 2022 11:41 AM on Latest, IPO/FPO News,

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Sikles Hydropower Limited (SLHL) as of 10 am today i.e Bhadra 30.

Sikles Hydropower Limited (SLHL) has been issuing its 11,50,000 unit IPO shares to the general public from 29th Bhadra and will conclude on 2nd Ashwin, 2079. If it is not fully subscribed the issue will be extended up till Ashwin 12, 2079. Out of the total 11,50,000 units: 3% of the total offered shares i.e. 34,500 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 57,500 units have been set aside for the mutual funds. The remaining 10,58,000 units are for the general public. The company intends to collect Rs 11.50 crore from this IPO.

BOK 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, 5,08,285 applicants have applied for a total of 57,74,620 units. Thus, the issue is already oversubscribed by 5.45 times so far.