Locals IPO of Madhya Bhotekoshi Jalavidyut Company Receives Application From 36,857 Applicants

Madhya Bhotekoshi Jalavidyut Company has extended the deadline for the IPO issue of 60 lakh units to locals of the project-affected area.

The company had resumed its IPO process from Shrawan 5, 2078 for the project affected locals of Sindhupalchowk district which was earlier halted on Baisakh 25, 2078. While the issue was supposed to close on Shrawan 17, the deadline has been extended till Shrawan 32 since the issue was not fully subscribed by the early closing date.

The eligible locals of the Sindhupalchowk district can apply for a minimum of 50 units to a maximum of 400 unit shares.

According to the issue manager Global IME Capital, 36,857 applicants have applied for a total of 78,94,456 units. This is the data as of Shrawan 17.

The hydropower company has allocated 32 collection centers in the Sindhupalchowk district whereas 7 such centers in Kathmandu through which the investors can submit their application and cheques whereas can do so also through ASBA member BFIs and via eSewa and IME Pay service.