Today is the last day to apply for the IPO of Balephi Hydropower Limited.

The hydropower company opened its IPO issue on 16th Chaitra. The issue will close at the early closing date today, i.e. on 21st Chaitra, 2078 since it was oversubscribed on the first day itself. 

18,27,970 shares have been issued at a par value of Rs. 100 per unit. 4% of the total issue, i.e. 73,119 units have been allocated for employees while 5%, i.e. 91,398 units have been allocated for mutual funds. The rest 16,63,453 shares are for the individual public.

According to CDSC, 18,70,709 applicants have applied for a total of 2,12,26,750 units. This is the data as of 10:34 AM yesterday. Thus, the issue has already been oversubscribed…


Read full article at ShareSansar.com


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