Bhujung Hydropower Limited has opened the first phase of its IPO from Poush 3, targeting project-affected local residents of Lamjung and Nepalis working abroad with labor approval.
Bhujung Hydropower Limited has opened the first phase of its Initial Public Offering (IPO) from Poush 3. In this phase, the company has issued shares specifically for project-affected local residents and Nepalis employed overseas with labor approval.
IPO Allocation for Local Residents
The company has allocated a total of 10 lakh shares for project-affected local residents of Lamjung district. Out of this, 6 lakh shares have been reserved for residents of Khwholasothar Rural Municipality–4, which falls under the highly affected area. The remaining 4 lakh shares have been allocated for residents of Khwholasothar Rural Municipality wards 1, 2, 3, 5, 6, 7, 8, and 9.
Local applicants can apply for a minimum of 10 shares and a maximum of 50,000 shares. Applications from local residents will remain open until Poush 17, and if sufficient applications are not received within this period, the deadline may be extended until Magh 9, according to the company.
IPO for Nepalis Working Abroad
Bhujung Hydropower has also issued 1 lakh shares for Nepalis working abroad who have obtained labor approval. Applicants in this category can also apply for 10 to 50,000 shares. The application deadline for overseas Nepalis is Poush 7.
Issue Management and Next Phase
Following the completion of the first-phase IPO, the company has stated that it will proceed with issuing shares to the general public. The issue and sales manager for the IPO is Kumari Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
