4.76 times oversubscription in Vision Lumbini Energy Company’s IPO.

Kathmandu. Vision Lumbini Energy Company’s IPO received 4.76 times more applications by the third day.

So far, 847,770 people have applied for the IPO issued by the company to the general public since last Thursday. According to which, in the IPO issued by the company, there has been an application of 988 million 43 thousand rupees.

According to CDS and Clearing Limited, investors have demanded 98 lakh 80 thousand 430 shares for the company’s IPO by 5:7 on Sunday evening. The company has issued 20 lakh 75 thousand 285 shares of ordinary shares to the general public.

Investors will be able to apply for a minimum of 10 shares and a maximum of 380,000 shares. In this IPO, investors will be able to apply from banks and financial institutions participating in the ASBA service and CDSC, which are licensed by the Nepal Securities Board.

The close of issuance of this IPO will be on 20th November at the earliest and after banking hours on 1st November at the latest. Muktinath Capital is the selling manager for this IPO.