IPO Results of Bhugol Energy Development Company


IPO Results of Bhugol Energy Development Company

Bhugol Energy Development’s IPO Allotment is Complete | 1,34,699 Applicants Receive 10 Units Each | Three Lucky Applicants Receive an Additional Unit.

Today at the offices of NIC Asia Capital Limited in Kathmandu, the Bhugol Energy Development Company’s initial public offering (IPO) allocation came to an end.

In its first public offering (IPO), Bhugol Energy Development Company sold 13,46,993 units for a total value of Rs 13.46 crores to the general public (Chaitra 23–27, 2079).

Only 85,020 of the 544,053 unit shares worth Rs. 5.44 crores that the business had previously distributed to the residents of Dailekh District who would be impacted by the project were given to eligible applicants.

in order to obtain 15,47,140 units in total for the general public. 10,88,107 units plus the remaining 459,033 shares of locals not subscribed (20% of the issued capital is set aside for the general public).

IPO Results of Bhugol Energy Development Company

Out of the entire 15,47,140 units, 108,811 have already been released and given to Nepalese nationals living and working overseas. 5% of the total shares offered, or 71,916 units, have been put aside for mutual funds, while 19,420 units have been reserved for the company’s workers.

13,46,993 units are for sale to the general public. In all, the promoter owners own 70% of the company’s shares. 11,49,151 eligible candidates submitted applications for the issue, requesting a total of 1,23,64,840 units. There was a 9.18 times oversubscription for the issue.

According to the allocation module, a total of 1,34,699 candidates received a random allocation of 10 units apiece. Three lucky applicants also received an additional unit; the remaining 10,14,452 applications received nothing.

Mutual funds received a total of 71,916 units, while the company’s workers received 19,420 units.
1,04,855 out of the 16,65,890 people that apply were rejecting.
CDSC IPO Result, MeroShare, and NIC Asia Capital Limited all have access to the IPO results.

Allotment Module of Bhugol Energy Development Company

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