Eastern Hydropower starts issuing IPO from today

Aug 23, 2022 09:36 AM Merolagani



Eastern Hydropower has started issuing initial public offering (IPO) from today, August 23. The company is issuing the IPO to the locals of affected area.

The company is issuing 620,000 units to shares to the locals of affected area of Bhojpur District.

The interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on September 6 and lately on September 21. Care ratings has assigned B+ rating to the issue indicating high risk.

The company has appointed NMB Capital as its issue manager. The applicants can apply from Bhojpur branches of NMB Bank, Global IME Bank, Prabhu Bank and Laxmi Bank.




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