Bindhyabasini Hydropower IPO Updates: Oversubscribed Over 3.04 Times On First Day With 3,36,708 Applicants
Bindhyabasini Hydropower Development Company Limited IPO is now open to the general public. You can apply to the Bindhyabasini Hydropower Development Company Limited IPO issue from 20th Jestha, 2079. Meanwhile, On its first day of opening, 3,36,708 applicants have applied for a total of 41,61,320 units and the issue is oversubscribed 3.04 times on the first day itself.
Sanima Capital Limited is the issue manager for the IPO issuance. The early closing date is 25th Jestha. The extended closing date is on Asadh 03, 2079 which is not required right now as the issue is oversubscribed on the first day. The company has already issued 10,00,000 units worth Rs. 10 crores to the project affected locals. Bindhyabasini Hydropower Development Company Ltd. (BHDCL) was incorporated on December 18, 2000 as a private company. Bindhyabasini Hydropower Development Company Limited has two operational runs of the river hydropower project; 8.8 MW Rudi Khola-A Hydropower Project (Rudi A) and 6.6 MW Rudi Khola-B Hydropower Project (Rudi B).
Bindhyabasini Hydropower IPO Updates:
Bindhyabasini Hydropower Development Company Limited IPO Over View
- The company is issuing 15,00,000 units of ordinary shares worth Rs. 15 crores
- 60,000 shares have been allocated for employees of the company
- 75,000 shares for mutual funds.
- 13,65,000 shares are purely for the individual public.
CARE Ratings Nepal has assigned a double B plus issuer rating [CARE-NP BB+ (Is)] to the company.
