Madhya Bhotekoshi's IPO issue on the verge of being oversubscribed; Applications received for 1.14 crore units

The 1st phase issue of Madhya Bhotekoshi Hydropower Company's IPO is on the verge of being oversubscribed.

As per the information provided by the issue manager, Global IME Capital, 38,732 applicants have applied for 1,14,72,730 units till Mangsir 07, 2075.

Madhya Bhotekoshi Hydropower Company has been issuing 1.17 Crore units of IPO at par value, in the first phase from 28^th Kartik, 2075. The first phase of the issue is only for the members registered with Employees Provident Fund (EPF).

Global IME Capital has been appointed as the issue manager while NIBL Ace Capital, Prabhu Capital, Laxmi Capital, Sanima Capital, Civil Capital and CBIL Capital have be appointed as other co-issue managers.

The issue will last till 14^th Mangsir, 2075. Members’ registered under EPF can apply for a minimum of 50 units and maximum of 500 units.

Find out more about the issue:

Madhya Bhotekoshi Company Analysis