Kathmandu, Feb 24
The Initial Public Offering (IPO) of Ridi Hydropower Development Company has been oversubscribed by 92 times.
Bhisma Raj Chalise, CEO of Civil Capital Market - the issue manager for the IPO, said they have received around 90,000 applications for 1.17 million units of primary shares with face value of Rs 100. "We have collected approximately Rs 11 billion from the applicants," added Chalise.
Crowd had thronged six collection centers in Kathmandu on all four days beginning February 16. The application was closed on Thursday after the IPO was oversubscribed. Some investors had even
