Kathmandu, December 18
Bhujung Hydropower Limited has opened applications for its first phase Initial Public Offering (IPO) from today, Poush 3, 2082. In this phase, the company is issuing shares to project-affected local residents and Nepalis working abroad.
The Securities Board of Nepal (SEBON) has approved the company to issue ordinary shares worth Rs. 20 crore at a face value of Rs. 100 per share, which is 20 percent of its issued capital of Rs. 1 arba.
IPO Allocation Details
Out of the total approved shares:
- 10 percent (Rs. 10 crore / 10 lakh shares) has been allocated for project-affected local residents
- 10 percent (Rs. 10 crore / 10 lakh shares) has been allocated for the general public, out of which:
- 10 percent (1 lakh shares) is reserved for Nepalis working abroad
Among the project-affected locals in Lamjung district:
- 6 lakh shares are reserved for residents of directly affected areas of Kwolasothar Rural Municipality–4
- 4 lakh shares are allocated to residents of indirectly affected wards (wards 1, 2, 3, 5, 6, 7, 8, and 9)
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Application Amount and Process
Both local residents and Nepalis working abroad can apply for:
- Minimum: 10 shares
- Maximum: 50,000 shares
Local residents can submit applications through:
- Kwolasothar Rural Municipality–4 office
- Kwolasothar Rural Municipality office
- Besishahar branches of Kumari Bank, Sanima Bank, Prabhu Bank, and Machhapuchchhre Bank
- Bhujung Hydropower’s registered office in Samakhusi, Kathmandu
Nepalis working abroad can apply through:
- All SEBON-approved C-ASBA member banks and financial institutions
- Meroshare online platform
IPO Closing Dates
- For Nepalis working abroad:
- Earliest closing: Poush 7, 2082
- Latest closing: Poush 17, 2082
- For project-affected locals:
- Earliest closing: Poush 17, 2082
- Latest closing: Magh 2, 2082 (banking hours)
Issue Management
The IPO issue and sales manager for Bhujung Hydropower Limited is Kumari Capital Limited.
Bhujung Hydropower IPO Key Details Overview
| Bhujung Hydropower IPO Details | Information |
|---|---|
| IPO Opening Date | Poush 3, 2082 |
| Total IPO Size | Rs. 20 crore |
| Face Value | Rs. 100 per share |
| Total Shares Issued | 20 lakh shares |
| Shares for Project-Affected Locals | 10 lakh shares |
| Shares for Foreign Nepalis | 1 lakh shares |
| Application Range | 10 to 50,000 shares |
| Issue Manager | Kumari Capital Limited |
| Closing Date (Latest) | Magh 2, 2082 |