Madhya Bhotekoshi Starts Issuing IPO from Today

Oct 06, 2021 06:24 AM Merolagani

Madhya Bhotekoshi Jalvidhyut Company has started issuing initial public offering (IPO) worth Rs 900 million from today, October 6.

The company is issuing 9 million units of primary shares at a face value of Rs 100.

Out of the total offered shares, the company has allocated 360,000 units to employees and 450,000 to mutual funds.

The general public can apply for the remaining 8,190,000 units of shares.

The issue will close early on October 11 and lately on October 20.

The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares.

Care ratings has assigned BB rating to the issue indicating moderate risk.

The company has appointed Global IME Capital as its issue manager and NIBL Ace Capital, Prabhu Capital, Laxmi Capital Market, Civil Capital Market, Sanima Capital and CBIL Capital as its sub-issue manager.

The interested investors can apply from C-ASBA approved BFIs and meroshare software.

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