IPO Allotment on Tuesday: Balephi Hydropower Rewarding 1,66,345 Applicants With Ownership In Company

The IPO allotment of Balephi Hydropower Limited is scheduled to be held on Chaitra 29. The allotment program will commence at 9 am that day at the premises of the issue manager Global IME Capital, Naxal, Kathmandu.

The hydropower company opened its IPO issue from 16th Chaitra to 21st Chaitra, 2078.

18,27,970 shares were issued at a par value of Rs. 100 per unit. 4% of the total issue, i.e. 73,119 units were allocated for employees while 5%, i.e. 91,398 units for mutual funds. The rest 16,63,453 shares were for the individual public. According to CDSC, 22,64,378 applicants applied for a total of 2,61,71,390 units. This is the data reported after the issue had closed on the last day. Thus, the issue has been oversubscribed over 15.73 times.

In contrast, only 1,82,797 applicants will be allotted with 10 shares each.