April 6: IPO issued by Dangdi Group Power Limited has been oversubscribed by 39.94 times. Company has received Rs 3 billion 890 million worth of share application till Tuesday. Similarly, within two days of IPO issuance, it received 1 billion 780 million (20 times more) worth of share applications.

Company has floated initial public offering (IPO) of 973 thousands 737 units equity shares in the market from Sunday. Company has allocated 19,474 units of shares for employees, 48,646 units for mutual investment funds and remaining 905,577 units of shares for general public among the offered shares. Company has already distributed allocated shares to mutual investment funds. Company will close the share issuance earlier in Chaitra 24 and latest in Baisakh 5.

Interested investors can apply for the IPO from share registrar NIBL Capital Markets and branch offices of Nepal Investment Bank. Similarly, share application can be submitted in Dangdi Group Power, Anamnagar, Vibor Capital, Krishna Galli Lalitpur, Growmore Merchant Banking, Durbarmarg, Kathmandu.  Likewise, interested investors can also apply from branches of Guheshwori Merchant Banking and Finance, branches of Apex Development Bank, branch of Synergy Finance, branch of Kathmandu Finance, branch of Sajha Development Bank and branch of Arniko Development Bank.