Buddha Bhumi Hydropower Company Limited is conducting the allotment program for its IPO issue for 8,00,000 units of ordinary shares this Friday, i.e. Ashoj 22. The program will commence at 10 am at the premises of the issue manager.
The company issued a total of 800,000 units of shares i.e., 20% of the total issued capital from Ashwin-11, 2078. From the total of 800,000 units, 40,000 units i.e., 5% were for mutual funds. 2% of the total units i.e., 14,000 units were for the employee of the company, and the remaining 7,44,000 units were for the general public.
Civil Capital Market Limited was appointed as the issue manager for the IPO issuance. According to the issue manager, 21,42,000 applicants have applied for a total of 2,69,20,120 units. This is the data reported after the issue closed at 5 pm on the last day. Thus, the issue is oversubscribed over 36.18 times. In contrast, only 74,400 applicants will be allotted 10 units each.