Bungal Hydro Limited has extended the application deadline for its ongoing Initial Public Offering (IPO) specifically allocated to project-affected local residents until Saun 26. This extension follows an insufficient number of applications from this group. The IPO, which initially opened on Asar 29, also includes a separate quota for Nepalis working abroad.
Out of the total 29.05 lakh units approved by the Securities Board of Nepal (SEBON), Bungal Hydro had allocated 8.3 lakh units for project-affected locals and 2.075 lakh units for Nepalis employed overseas in the first phase.
While the quota for Nepalis working abroad has already been oversubscribed, with applications closing today, Saun 11 at 5:00 PM, the deadline for local residents has been extended due to inadequate response.
Of the shares allocated to local residents, 5.395 lakh units are reserved for those from highly affected areas — specifically former Wards 6 and 7 of Bungal Municipality. The remaining 2.905 lakh units are for residents of moderately affected areas, including Wards 1–5 and 8–11 of the same municipality.
Eligible applicants from these regions may apply for a minimum of 10 units and a maximum of 20,000 units.
This article was originally published on Bajarko Chirfar. It was translated with the assistance of AI and reviewed by our editorial team.
