Bhujung Hydropower Limited IPO Allotment Concludes: Lucky 83,000 Applicants Allotted 10 Units Each via Lottery System
Summary
Bhujung Hydropower Limited concluded its IPO allotment, allotting 10 units each to 83,000 applicants via lottery. The company is developing a 7.5 MW hydropower project in Lamjung, Nepal.
Key Points
- Bhujung Hydropower Limited completed its IPO allotment with 83,000 applicants allotted 10 units each via lottery.
- The IPO issued 8,30,000 units to the general public with various reservations for locals, employees, mutual funds, and Nepalese abroad.
- The company is developing the Upper Midim Hydropower Project, a 7.5 MW run-of-river project in Lamjung district, Nepal.
- ICRA Nepal downgraded Bhujung Hydropower's issuer rating from B+ to B- indicating increased financial risk.
