Bungad Hydropower Limited IPO Allotment on Thursday

Kathmandu – The IPO allotment of Bungad Hydropower Limited is scheduled for Thursday. According to the issue manager Himalayan Capital, the allotment will take place at 9:00 AM on Thursday.

The company had issued 1,701,500 shares to the general public from Bhadra 16 to Bhadra 19. Out of the total applicants, only about 170,150 investors will receive shares in the allotment.

Earlier, the company had already issued and allotted shares to project-affected locals and Nepali citizens working abroad.

Bungad Hydropower Limited has successfully completed the construction of the 10.7 MW Sanigad Hydropower Project in Bajhang and has been in commercial operation since Bhadra 2, 2080.

The company’s chairman is Shiv Prasad Ghimire, while other board members include Rajesh Kumar Shrestha, Khageshwar Bohora, and Birendra Bahadur Malla. Bungad Hydropower Limited operates under the umbrella of the SG Group.