Madhya Bhotekoshi’s IPO distribution: 815 lakh applicants empty handed

Madhya Bhotekoshi’s IPO distribution: 815 lakh applicants empty handed

The IPO of Madhya Bhotekoshi Hydropower Company has been allotted. According to the distribution held at the office of the company’s sales manager Global IME Capital this morning, 819,000 applicants have received shares at the rate of 10 lots.

About 1.5 million applicants are empty handed.

The company had issued 9 million shares worth Rs 900 million to the public from September 8 to 9 this year. In the company’s IPO, 2,390,218 investors had applied for the purchase of shares worth Rs 3.41 billion.