Buddhabhumi Nepal Hydropower’s IPO can be applied from today
Buddhabhumi Nepal Hydropower Limited is going to open IPO issue and sale to the public from today.
The company is about to issue an IPO worth Rs 80 million. Accordingly, the company will issue 800,000 ordinary shares with a face value of Rs 100 per share.
Out of the total shares to be issued, 2 percent or 16,000 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 lots.
The general public can apply for the shares till September 30. If the full application is not received within that period, the application date will be extended till September 10. You will have to apply for a minimum of 10 shares and a maximum of 50,000 shares.
In the rating given for IPO issuance, ICRA Nepal has given ICRNP IR Double B minus rating to the company. This indicates that there is a moderate risk for the company to meet its financial obligations.
The issue and sale manager of the company 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.
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