Bungal Hydropower Limited has begun issuing IPO shares from Ashad 29 to residents of project-affected areas and Nepali citizens working abroad, offering 35% of its total capital.
Bungal Hydropower Limited has opened its Initial Public Offering (IPO) from Ashad 29 for residents of areas affected by its hydropower project and for Nepali migrant workers abroad. The company is issuing 35% of its total issued capital of 83 crore rupees, which amounts to 29 lakh 5 thousand shares.
Of this total, 8 lakh 30 thousand 824 shares have been allocated to residents of the highly and moderately affected areas within Bajhang district. Similarly, 2 lakh 7 thousand 500 shares have been reserved for Nepali workers currently employed overseas. Interested individuals can apply for a minimum of 10 shares and a maximum of 20,000 shares.
Local residents may submit their applications between Shrawan 11 and Shrawan 26, while the final deadline for migrant workers is Shrawan 11. The company has received a credit rating of ‘CARE-NP B’ from CARE Ratings Nepal, indicating a moderate level of risk.
Bungal Hydropower operates the 10.7 MW Upper Sanigad Hydropower Project. Himalayan Capital Limited is serving as the issue manager for this IPO.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
