Bungal Hydro Limited has completed the allocation of its IPO for local residents, distributing a total of 1,967 applicants’ shares on Bhadra 5.
Bungal Hydro Limited has announced the allocation of its IPO shares to local residents, which was completed on Bhadra 5, according to the company’s sales manager, Himalayan Capital.
The allocation covered 1,967 applicants in total. Among them, 196 applicants from the highly affected areas received 110,560 shares, while 1,771 applicants from the generally affected areas received 719,440 shares. The company has stated that detailed information about allocated shares is available on Himalayan Capital’s website. Applicants who were not allocated shares will have their excess funds refunded directly to their bank accounts.
Bungal Hydro had issued 29 lakh 5 thousand shares, equivalent to 35% of its total capital of NPR 83 crore, at a face value of NPR 100 per share. Out of these, 10% of shares (8 lakh 30 thousand shares, NPR 8.3 crore) were reserved for residents in project-affected areas.
Within the allocation for project-affected residents, 539,500 shares were reserved for highly affected areas in Bungal Municipality, Bajhang, specifically Ward No. 6 (former Pipalakot VDC Wards 4, 5, 7) and Ward No. 7 (former Kaphalseri VDC Ward 1). The remaining 290,500 shares were allocated to generally affected areas, covering Wards 1, 2, 3, 4, 5, 8, 9, 10, and 11 of Bungal Municipality.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
