Bhujung Hydropower Limited has completed the allocation of its IPO shares reserved for project-affected local residents. The company had issued 1 million shares from Poush 3 to 17, 2082, exclusively for locals in the project-affected area. A total of 2,883 applicants from these communities, who submitted their applications within the stipulated period, received their allotment on Magh 2, 2082.
Prior to the local allocation, the company also distributed the IPO shares reserved for Nepali citizens working abroad, totaling 100,000 shares.
Bhujung Hydropower Ltd is now preparing to issue the IPO for the general public starting Magh 12, 2082. The company has received approval from the Nepal Securities Board to issue 20 lakh shares, equivalent to 20% of its paid-up capital of NPR 1 billion. After reserving 20,000 shares for employees and 50,000 shares for collective investment funds, the remaining 8,30,000 shares will be offered to the general public.
General public investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO will remain open at the earliest until Magh 15, 2082, and if demand is insufficient, the period may be extended to Magh 26, 2082. Kumari Capital Limited is acting as the IPO issuing and sales manager for the company.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
