Beni Hydropower Project Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Beni Hydropower Project Limited has opened its IPO offering shares to project-affected locals of Solukhumbhu District and Nepalese citizens working abroad starting 1st Chaitra, 2082.
Key Points
- Beni Hydropower Project Limited has launched an IPO offering 10,40,000 shares to project-affected locals in Solukhumbhu and 1,04,000 shares to Nepalese abroad.
- The IPO for locals runs from 1st to 15th Chaitra 2082, with possible extension; for Nepalese abroad, it runs from 1st to 5th Chaitra with possible extension.
- The company has a total issued capital of Rs. 1.04 Arba, with 20% (20,80,000 shares) offered to the public.
- ICRA Nepal upgraded Beni Hydropower's issuer rating to BB+, and NMB Capital Limited is managing the IPO.
