Butwal Power Company Limimted (BPCL) is allocatiing its much talked further public offering (FPO) today Wednesday, 28th March 2018. The company had floated 4.081 million unit shares worth Rs. 2.04 billion at face value of Rs 100 at a premium of Rs. 401 about two months ago starting from 29th January 2018 to 2nd February 2018 for 5 days.
Subsequently, the company had then called up for institutional investors for the issues from Friday 9th Feb 2018 but 1.169 million unit shares still remained unsubscribed for despite the deadline extension to allow the promoter investors to participate in the issuance and thus, the underwriter companies had to purchase the remaining unsubscribed unit shares.
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