Bhujung Hydropower Limited has received approval from the Securities Board of Nepal (SEBON) to issue 20 lakh shares worth Rs 20 crore through an initial public offering (IPO).
Bhujung Hydropower Limited has received approval from the Securities Board of Nepal (SEBON) on Mangsir 11 to launch its initial public offering (IPO). The board has authorized the company to issue 20 lakh shares, amounting to Rs 20 crore.
The company will issue the IPO at a face value of Rs 100 per share. Kumari Capital has been appointed as the IPO sales manager to manage the issuance and subscription process.
Out of the total shares, 20 percent will be offered to the general public, while the remaining 80 percent will be retained by the founder and promoter group. The company will now proceed with the IPO issuance following SEBON’s approval.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
