First Business News Portal in English from Nepal
KATHMANDU: Madhya Bhotekoshi Jalavidyut Company Limited will be issuing 90,00,000 units worth Rs 90 crore as Initial Public Offering to the general public from today. The early closing date of this issue is on Ashwin 25 and if the issue is not fully subscribed till Ashwin 25, then it can be extended up to Kartik 3, 2078.
Out of the offered 90,00,000 units; 4% of the total offered shares to the general public i.e. 3,60,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 4,50,000 units have been set aside for the mutual funds. The remaining 81,90,000 units are for the general public.
Applications can be placed for a minimum of 10 units and a maximum of 10,000 units. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. 10% of the company’s issued capital is already issued to the locals and 15% to the general public.
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