Bhujung Hydropower Limited is set to issue its IPO from Poush 3, 2082, specifically targeting local residents in the project-affected areas and Nepalis working abroad.
The Securities Board of Nepal (SEBON) had approved the IPO on Mangsir 11, 2082, allowing the company to issue 20 lakh ordinary shares at a par value of Rs. 100 per share, totaling Rs. 20 crore.
Allocation Details
- Project-Affected Area (10% of total shares – 10 lakh shares)
- Directly affected area: 6 lakh shares for residents of Kwholasothar Rural Municipality–4, Lamjung
- Indirectly affected area: 4 lakh shares for residents of other wards (1, 2, 3, 5, 6, 7, 8, 9) of the same municipality
- Foreign Nepalese (10% of total shares – 1 lakh shares)
- Allocated from the remaining 10 lakh shares reserved for public subscription
Both local and foreign investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
Application Timeline
- Local residents: IPO opens on Poush 3 and closes by Magh 2 at the latest
- Foreign Nepalese: IPO opens on Poush 3 and closes by Poush 17 at the latest
How to Apply
- Local Residents: Applications can be submitted via Kumari Bank, Sanima Bank, Prabhu Bank (Besisahar branch), Kwholasothar Rural Municipality–4 office, or the company’s Kathmandu office.
- Foreign Nepalese: Applications can be made through all SEBON-approved ASBA member banks and financial institutions, their designated branches, or via mero share online portal.
Kumari Capital has been appointed as the IPO issue manager.
After completing the first phase for project-affected locals and foreign Nepalese, the company will open the second phase of the IPO for the general public.