Madhya Bhotekoshi Jalavidyut Company IPO Date: Madhya Bhotekoshi Jalavidyut Company is going to issue IPO to the public from 2078 Ashoj 20th (2021 October 6). Madhya Bhotekoshi Jalavidyut is about to issue an IPO worth Rs 900 million. Accordingly, the company will issue 9 million units of ordinary shares with a face value of Rs 100 per share.
Out of the total shares to be issued, 4 percent or 360,000 units of shares have been allotted for employees and 5 percent or 450,000 units of shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 8.1 million lots.
The general public can apply for the shares till Ashoj 25 (2021 October 11). If the full application is not received within that period, the application date will be extended till Kartik 3 (2021 October 20). You will have to apply for a minimum of 10 units of shares and a maximum of 10,000 units of shares.
In the rating given for IPO issuance, Care Rating Nepal has given Madhya Bhotekoshi Jalavidyut a CareNP Double B IS rating. This indicates that there is a moderate risk for the company to meet its financial obligations.
The issue and sale manager of Madhya Bhotekoshi Jalavidyut is Global IME Capital Limited while the co-issue and sale managers are NIBL ACE Capital, Prabhu Capital, Laxmi Capital Market, Civil Capital Market, Sanima Capital, and CBIL Capital Market. The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by the Securities Board of Nepal (SEBON).