Last Day to Apply for IPO of Balephi Hydropower

Mon, Apr 4, 2022 8:39 AM on IPO/FPO News, Latest,

Today is the last day to apply for the IPO of Balephi Hydropower Limited.

The hydropower company opened its IPO issue on 16th Chaitra. The issue will close at the early closing date today, i.e. on 21st Chaitra, 2078 since it was oversubscribed on the first day itself. 

18,27,970 shares have been issued at a par value of Rs. 100 per unit. 4% of the total issue, i.e. 73,119 units have been allocated for employees while 5%, i.e. 91,398 units have been allocated for mutual funds. The rest 16,63,453 shares are for the individual public.

According to CDSC, 20,77,648 applicants have applied for a total of 2,41,00,830 units. This is the data as of 10 AM today. Thus, the issue has already been oversubscribed over 14.48 times.

The minimum bid quantity is 10 units while the maximum is 1,00,000 units. Global IME Capital has been appointed as the issue manager for the IPO issuance. ICRA Nepal Limited has rated the issue Double B, indicating a moderate risk of default regarding timely servicing of financial obligations.

Offer Letter

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