Beni Hydropower IPO Oversubscribed 15.80 Times on Third Day
Summary
Beni Hydropower Project Limited’s IPO of 8,63,200 ordinary shares has been oversubscribed 15.80 times by the third day of opening. The application window will now close on 26th Bhadra, 2083 due to the public holiday for Gen Z Sahid Diwas.
Key Points
- Beni Hydropower Project Limited opened an IPO of 8,63,200 ordinary shares to the general public at a face value of Rs. 100 per share.
- The issue has already received applications for 1,36,44,340 shares from 11,69,184 applicants, making it 15.80 times oversubscribed.
- The public issue includes allocations for project-affected locals in Solukhumbhu, Nepali citizens working abroad, company employees, and mutual funds.
- The IPO application deadline has been extended to 26th Bhadra, 2083 because of the public holiday for Gen Z Sahid Diwas.
