Madhya Bhotekoshi IPO receives more than 18,000 applications; Almost 45% of the issue subscribed in a week’s time

Madhya Bhotekoshi Hydropower Company is 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.

As per the issue manager, the IPO has received applications from 18,166 applicants applying for a total of Rs.55.40 Crore. However, this includes all the valid and invalid applications.

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