Eastern Hydropower IPO Allotment to be Concluded on Thursday at 9 AM; 62,519 Lucky Applicants will Get 10 units Each

The IPO allotment of Eastern Hydropower Limited (EHL) will take place this Thursday, i.e. Kartik 17, 2079. The allotment program will be held on the premises of the issue manager NMB Capital, starting at 9 am that day.

The company issued its IPO issue of 6,70,310 units ordinary shares worth Rs 6.7 crore to the general public from Ashwin 28 till Kartik 02, 2079. Out of the offered 6,70,310 units; 2% of the total offered shares i.e. 13,406 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 33,515 units have been set aside for the mutual funds. The remaining 6,23,389 units were for the general public. The paid up capital of the company will reach to Rs. 62 Crores after the IPO issuance.

According to the issue manager, 1,48,47,550 valid units have been recieved till the last day and only 62,519 lucky applicants will get ownership of the company.