Bungal Hydropower Limited has received regulatory approval to issue 29 lakh 5 thousand shares in its upcoming IPO at NPR 100 per share.
Bungal Hydropower Limited has secured permission from the Securities Board of Nepal (SEBON) to issue its Initial Public Offering (IPO). On Asar 15, SEBON granted approval for the company to issue a total of 29 lakh 5 thousand shares, amounting to NPR 29 crore 5 lakh in value.
Each share will be offered at a face value of NPR 100. The IPO will be managed by Himalayan Capital Limited, which is acting as the issue manager.
Of the total shares, 35% (29,05,000 shares) will be issued to the general public, while the remaining 65% will be held by the promoter group. The issuance is part of the company’s effort to raise capital for its hydropower operations and expansion.
More details regarding the issuance date and application process are expected to be announced soon.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
