IPO form Submission of HIDCL starts from today; IPO application set to close on coming Thursday at the earliest

Hydroelectricity Investment & Development Company Limited (HIDCL) is floating its Initial Public Offering (IPO) worth Rs 2 arba (2 crore units’ shares) from today, Kartik 12, 2072. The offer will close coming Thursday, Kartik 19, at the earliest. The late closing date for the offer is Kartik 29, 2072. Interested investor must apply for a minimum of 50 units of share and they can apply for up to 50, 00,000 unit of share. The hydropower company is issuing a total 2 crore units of ordinary shares at face value of Rs 100. The company has allocated 10 lakhs units shares for the six mutual funds, 4 lakhs  units  shares for the staff members of HIDCL  and 1 crore 86 lakhs units for general public. The issue managers for the IPO are Citizen Investment Trust, NCM Merchant Banking Limited and NMB Capital Limited. Interview with CEO of HIDCL Company Analysis: Hydroelectricity Investment & Development Company Limited