How Many Have Applied for Public Issue of "Kutheli Bukhari Small Hydropower" So Far?

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Kutheli Bukhari Small Hydropower Limited as of 5 pm today i.e. Ashad 27.

The company has been issuing 101,151 unit IPO shares of Rs 100 face value from 26th Ashad, 2080. The early closing date of this issue is on 29th Ashad and if the issue is not fully subscribed, it can be extended up to 9th Shrawan, 2080.

Out of the total 121,867 units; 10% i.e. 12,186 units have already been issued and allotted to Nepalese citizens working abroad, 5% of the total offered shares i.e. 6,093 units have been set aside for the mutual funds while 2% i.e 2,437 units have been set aside for the employees of the company. The remaining 101,151 units are for the general public. The paid-up capital of the company will reach Rs. 12.18 Crores after the IPO issuance. The company intends to collect Rs 1.01 crore from this IPO.

NMB Capital Limited is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.

According to CDSC, 594,028 applicants have applied for a total of 64,42,260 units. Thus, the issue is already oversubscribed by 63.68 times so far.

ICRA Nepal has reaffirmed the issuer rating of Kutheli Bukhari Small Hydropower Limited at [ICRANPIR] BBB- (pronounced ICRA NP Issuer Rating Triple B minus), indicating a moderate degree of safety regarding the timely servicing of financial obligations.