Bhujung Hydropower will issue an IPO to the general public from January 12
Kathmandu. Bhujung Hydropower Limited is going to issue an IPO for the general public from this January 12th. The company has issued and distributed the IPO to local residents affected by the project and Nepalese who have gone abroad for employment, and now it is going to be released to the general public.
The company got permission from the Nepal Securities Board to issue 20 million shares worth 20 million rupees in an IPO of 20 percent of its issued capital of 1 billion rupees. Out of which, 10 lakh shares have been distributed to the affected people of the IPO project and 1 lakh shares have been distributed to the Nepalese who are employed abroad.
Now, out of the remaining 900,000 shares, the company is going to issue 20,000 shares for the employees of the company and 50,000 shares for collective investment funds, and the remaining 830,000 shares will be issued to the general public at the rate of 100 rupees per IPO share.
When applying for IPO, it has been arranged that a minimum of 10 shares and a maximum of 50,000 shares can be requested. The eviction closure will be on January 15th at the earliest and January 26th at the latest. Looking at the public's interest in the IPO and the number of applications, it is certain that enough applications will be received before January 15th.
Express
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