Bungol Hydro Limited Opens IPO for the General Public

Bungol Hydro Limited has opened its Initial Public Offering (IPO) for the general public from today, Bhadra 16, until Bhadra 19. The company received approval from the Securities Board of Nepal (SEBON) to issue 29,05,000 shares, equivalent to 35% of its issued capital of NPR 830 million, at a face value of NPR 100 per share.

In the earlier phase, the company had already allocated 830,000 shares to project-affected locals and 207,500 shares to Nepali citizens working abroad with labor approval. Additionally, 103,750 shares have been reserved for mutual funds and 62,250 shares for the company’s employees. The remaining 1,701,500 shares are now available for the general public.

Through this IPO, a total of 170,150 applicants will receive a minimum of 10 shares each. Himalayan Capital Limited is managing the issue as the share issuance and sales manager.