Butwal Power Company Limited (BPCL) has allocated 4.1 million units of further public offering (FPO) this morning at 9:00 AM today Wednesday 28th March 2018 (14th Chaitra 2074) at the company premises in Buddhanagar, Kathmandu. According to its issue manager, NMB Capital Limited, a total of 85,614 applicants had applied for 2,902,276 unit shares. Of which a total of 84,804 applicants have been allotted 2,859,170 unit shares. Allottees were issued a minimum of 10 units and a maximum of 20,400 unit shares.
There were a total of 758 invalid applicants demanding 43,106 unit shares that were cancelled. Of these, 52 applicants who had applied from 21,320 unit shares were rejected for double applications, 677 applicants were rejected for wrong DMAT account numbers, and 29 applications were rejected for uneven number of unit shares demand. Laxmi Capital Market Limited was the co-issue manager for the FPO.
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