Share MarketIPO of Balefi Hydropower to the public from today

IPO of Balefi Hydropower to the public from today

Today (Chaitra 16) Balefi Hydropower Limited has issued IPO to the public. The company is going to distribute 1,827,970 IPO shares at a face value of Rs 100 per share to the public.

Out of the total shares, 4 percent or 73,119 shares have been reserved for employees and 5 percent or 91,398 shares have been reserved for collective investment funds. The remaining 16 lakh 63 thousand 453 shares will be issued to the public by public issue.

There is an arrangement to apply for this IPO purchase as soon as possible till Chaitra 12. The company has set the date of IPO sale till Chaitra 30 if the application is not received as per the demand within the short period.

The issue and sale manager of the company is Global IME Capital Limited. There is an arrangement to apply from the participating banks and financial institutions where ASBA services is available and the branch offices of the Issue manager.

Investors can apply for a minimum of 10 Kitta and a maximum of 100,000 Kitta .

Earlier, the company had sold 1,827,970 shares in the project-affected locality from Magh 27 to Phagun 26.

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