Beni Hydropower Project Limited will begin the first phase of its initial public offering (IPO) on Chaitra 1, 2083 B.S.
In this first phase, the company will issue shares for local residents in the project-affected area and Nepalis working abroad.
The company plans to allocate 1,040,000 shares to local residents of Solukhumbu district. Applicants from this group can apply for a minimum of 10 shares and a maximum of 10,000 shares. The application window closes on Chaitra 15, and if sufficient applications are not received, it will be extended until Chaitra 30.
Similarly, Nepalis working abroad with labor approval will have 104,000 shares reserved for them. Applicants in this category can also apply for a minimum of 10 shares and a maximum of 10,000 shares, with the application deadline set for Chaitra 5, 2083 B.S.
The Securities Board of Nepal approved the IPO on Magh 29, 2083 B.S., allowing the company to issue a total of 2,080,000 shares worth NPR 20.80 crore. NMBI Capital Limited has been appointed as the IPO issuance and sales manager.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
