IPO of Nyadi Hydropower Oversubscribed Over 8.25 Times

Mon, Oct 4, 2021 5:41 AM on IPO/FPO News, Latest,

Nyadi Hydropower Limited has opened the IPO issue of 2,250,000 units of ordinary shares worth Rs. 22.5 crores from Ashwin-15, 2078. The early closing date of this IPO issue is on Ashwin-19, 2078. Since the issue was already oversubscribed on the first day itself, it will close at the early closing date.

The company has issued a total of 2,250,000 units of shares i.e., 15% of the total issued capital from Ashwin-15, 2078. From the total of 2,250,000 units, 112,500 units i.e., 5% are for mutual funds. 2% of the total units i.e., 45,000 units are for the employees of the company and the remaining 2,092,500 units are for the general public.

Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. According to the issue manager; 1,379,665 applicants have applied for a total of 17,252,240 units. This is the data reported as of 5:30 pm yesterday. Thus, the issue is already oversubscribed over 8.25 times on the second day itself.

Applications can be placed for a minimum of 10 units and a maximum of 50,000 units.