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Balephi Hydropower IPO Date ( From 2078 Chaitra 16 to 21)

News 30 Mar 2022 3222 0

Balephi Hydropower IPO Date ( From 2078 Chaitra 16 to 21)

Balephi Hydropower Company Limited is launching IPO issuance and sale from 2078 Chaitra 16 to 21. The company is issuing IPOs for general investors. Balephi Hydropower is going to issue 18 lakh 27 thousand 970 ordinary shares with a face value of Rs 100 per share.

Out of the total shares to be issued, 4 percent or 73,119 shares have been reserved for the employees of the company and 5 percent or 91,398 shares have been distributed to the mutual investment funds. The general investors will be able to apply for the remaining 1,663,453 shares.

The IPO will be closed on the 21st of Chaitra soon and last on the 30th of Chaitra. Applications for the IPO can be submitted by all C-ASWA member banks and financial institutions and their branch offices are approved by the Nepal Securities Board. In addition, MeroShare's web and the app can also apply for the IPO.

The issue and sale manager of Balephi Hydropower is Global IME Capital Limited. Investors will have to apply for a minimum of 10 units of shares and a maximum of 100,000 units.

In the rating given for IPO issue, Balephi Hydropower has been given ICRA NP Issuer rating double B rating by ICRA Nepal. This indicates a moderate risk in the company's ability to bear responsibility.