Last Day to Apply for IPO of Dordi Khola Jal Bidhyut (DORDI); Issue Already Oversubscribed by 7.36 times

Dordi Khola Jal Bidhyut Company Limited (DORDI) is closing its IPO issue from today i.e. 31st Jestha, 2079. The company is issuing 21,95,509 units worth Rs 21.95 crores of ordinary shares as IPO to the general public from 26th Jestha, 2079.

Earlier, the company had issued 10,54,260 unit IPO shares which is 10% of the issued capital of Rs 105.42 crore to the project-affected locals of Lamjung District from 13th Baisakh to Jestha 05, 2079. However, only 7,56,420 units, or 71.75 % of the total issue have been allotted to the valid applicants. Thus, the remaining 2,97,840 units unsubscribed shares are added to 18,97,669 units (which is 18% of shares reserved for the general public) to make a total of 21,95,509 units for the general public.

Out of offered 21,95,509 units; 3% of the issued capital i.e, 65,865 units have been allotted for the employees of the company, and another 5% i.e 1,09,775 units for the mutual funds. The remaining 20,19,869 units are for the general public.

Applications can be placed for a minimum of 10 units and a maximum of 17,00,000 units. Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance.

According to the issue manager, 12,89,407 applicants have applied for a total of 1,48,84,110 units. Thus, the issue is already oversubscribed 7.36 times so far in terms of the number of units.

The paid-up capital will reach 1.05 Arba after the issuance of the public shares.