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IPO Date of Buddhabhumi Nepal Hydropower Limited

News 27 Sep 2021 2085 0

Buddhabhumi Nepal Hydropower Limited IPO Date

Buddhabhumi Nepal Hydropower Limited is going to open IPO issuance and sale to the public from September 27 (11th Ashoj 2078). Buddha Bhumi Nepal Hydropower is about to issue an IPO worth Rs 80 million. Accordingly, the company will issue 800,000 units of ordinary shares with a face value of Rs 100 per share.

Out of the total shares to be issued, 2 percent or 16,000 units of shares have been allotted for employees and 5 percent or 40,000 shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 744,000 units.

The general public can apply for the shares till Ashoj 14th. If a full application is not received within that period, the application date will be extended till 25th Ashoj. You will have to apply for a minimum of 10 units of shares and a maximum of 50,000 units of shares.

In the rating given for IPO issuance, ICRA Nepal has given ICRNP IR Double B minus rating to Buddhabhumi Nepal Hydropower. This indicates that there is a moderate risk for the company to meet its financial obligations.

The issue and sale manager of Buddhabhumi Nepal Hydropower is Civil Capital Market Limited. The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by the Nepal Securities Board.