Bhujung Hydropower Limited’s Initial Public Offering (IPO) for the general public will close today, Magh 15, 2082 B.S. The IPO sales for public investors were opened on Magh 12, 2082 B.S. Previously, the company had allocated IPO shares to project-affected local residents and Nepalis working abroad.
For the general public, the company has issued 8,30,000 ordinary shares worth Rs. 8.3 crore. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares per application. Kumari Capital Limited is managing the IPO issuance and sales. Investors can submit applications through C-ASBA member banks and financial institutions approved by the Securities Board of Nepal, using the C-ASBA system.
According to CDSC data, by Wednesday evening, 21,45,156 applicants had applied for the IPO, requesting a total of 2,49,37,070 shares worth Rs. 2.49 billion. This demand is 33.28 times higher than the total shares issued for the public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
