Bungal Hydro Limited will open its initial public offering (IPO) for the general public from Bhadra 16. The company has received approval to issue 29,005,000 shares, representing 35% of its paid-up capital of Rs. 83 crore.
Shares allocated for local residents in the project area, Nepali workers abroad, collective investment funds, and employees have already been distributed. In the second phase, 17,101,500 ordinary shares will be offered to the general public at a face value of Rs. 100 per share.
Applicants can request a minimum of 10 shares and a maximum of 20,000 shares. The IPO will remain open from Bhadra 16 to Bhadra 30.
CARE Ratings Nepal has assigned the company a “CARE-NP Single B Issuer Rating”, indicating a moderate level of risk.
Himalayan Capital Limited is managing the share issuance and sale.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
