Bikash Hydropower Company Limited has successfully completed the allotment of its Initial Public Offering (IPO) shares.The IPO, which opened on Jestha 6, was targeted at local residents affected by the project as well as Nepali citizens working abroad.
Out of the total issued capital of Rs 91 crore 91 lakh 1 thousand 300, the company offered shares worth Rs 9 crore 9 lakh 10 thousand 100.This corresponds to 909,101 shares at the face value of Rs 100 each.
Special shares were reserved for residents directly affected by the project.Specifically, 363,640 shares were allotted to permanent residents of wards 4 and 5 of Dharche Rural Municipality in Gorkha district, considered the most impacted areas.Additionally, 545,461 shares were distributed among affected residents of wards 1, 2, 3, 6, and 7.
Prabhu Capital Limited managed the share issuance process as the sales manager.
Investors can check IPO results on the following websites:
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
