KATHMANDU, Sept 30: Today is the last day to apply for the IPO of Buddhabhumi Nepal Hydropower. The company has issued 800,000 IPOs with a face value of Rs 100 per share. Similarly, the company has issued ordinary shares worth Rs 80 million.
The company had opened IPO issue and sale to the public on 27 September. The company has allocated 2 percent or 16,000 shares for the employees and 5 percent or 40,000 shares for the collective investment fund. The general public can apply for the remaining 744,000 lots, according to the Civil Capital.
Untapped Potential of Hydroelectricity
According to Capital, 1.590 million have applied for 20,307,220 units of shares in the company by 5 pm on Wednesday. This is 15.76 times more than the IPO that the company has brought. Applications can be made for a minimum of 10 units and a maximum of 50,000 units.
The IPO of the company has been given ICRA NP IR Double B minus rating by ICRA Nepal. This indicates that the company has a moderate risk in fulfilling 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.
