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Last Day to Apply for IPO of Madhya Bhotekoshi Hydropower

News 11 Oct 2021 1170 0

IPO Date to Apply for Madhya Bhotekoshi Hydropower Company Limited

Today (October 10) is the last day for the IPO of Madhya Bhotekoshi Hydropower Company. MBKHEP has issued an IPO worth Rs 900 million. Accordingly, Madhya Bhotekoshi Hydropower has issued 9 million ordinary shares with a face value of Rs 100 per share.

Out of the total shares to be issued, 4 percent or 360,000 units of shares have been allotted for employees and 5 percent or 450,000 shares have been allotted for mutual investment funds. The general public will be able to apply for the remaining 8.1 million units.

According to Global IME Capital, the manager of issue and sale of shares of Madhya Bhotekoshi Hydropower, applications have been received from 2,159,026 applicants for 32,977,170 shares worth Rs 3.29 billion. You will have to apply for a minimum of 10 units of shares and a maximum of 10,000 units of shares.

In the rating given for IPO issuance, Care Rating Nepal has given the company CareNP Double B IS rating. This indicates that Madhya Bhotekoshi Hydropower has a moderate risk in meeting its financial obligations.

The issue and sale manager of Madhya Bhotekoshi Hydropower is Global IME Capital Limited while the co-issue and sale managers are NIBL ​​Ace Capital, Prabhu Capital, Laxmi Capital Market, Civil Capital Market, Sanima Capital, and CBIL Capital Market.

The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by the Securities Board of Nepal (SEBON).