Eastern Hydropower Allots IPO

Nov 03, 2022 09:36 AM Merolagani

Eastern Hydropower has allotted its recently issued initial public offering (IPO) today, November 3 in the premises of NMB Capital issue manager for the company.

The company issued 670,310 units of shares including 50,310 unsubscribed units issued to the locals of affected area of Bhojpur District from October 14-19. Out of the total offered units, the company secured 5 percent i.e. 33,515 units to mutual funds and 2 percent i.e. 13,406 units to employees. The general public could apply for the remaining 623,389 units.

As per the capital, a total of 1,358,220 applicants have applied for 14,874,040 units of shares. Out of which 1,996 applications have been cancelled while 1,356,224 applications have been approved for the allotment.

Out of the total approved applications, 52,519 applicants have received 10 units of shares.

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