Bungal Hydro Limited will issue 17,01,500 shares for the general public starting Bhadra 16, following earlier allocations to project-affected locals, Nepalis abroad, collective investment funds, and employees.
Bungal Hydro Limited has announced that it will open its IPO for the general public from Bhadra 16. The company has received approval to issue 29,05,000 shares, representing 35% of its total capital of NPR 83 crore. Previously, shares reserved for project-affected local residents, Nepalis working abroad, collective investment funds, and employees have already been allotted.
In the second phase, 17,01,500 ordinary shares will be issued to the general public at a face value of NPR 100 per share. Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares. The IPO will remain open from Bhadra 16 to Bhadra 30, depending on subscription.
The company has received a “CARE-NP Single B Issuer Rating” from Care Rating Nepal, indicating an average risk profile.
The IPO issue and management will be handled by Himalayan Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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