IPO for General Public: Beni Hydropower Project Limited to Issue 8,63,200 Units IPO Shares from Bhadra 22
Summary
Beni Hydropower Project Limited will open its IPO for the general public on Bhadra 22, issuing 8,63,200 shares at a par value of Rs. 100 each. The company is developing the 18 MW Upper Solu Khola Hydropower Project in Solukhumbu, while ICRA Nepal has upgraded its issuer rating to BB+.
Key Points
- Beni Hydropower Project Limited will open an IPO for the general public on 22 Bhadra, 2083, with 8,63,200 units on offer.
- The issue has a par value of Rs. 100 per share and may close early on 25 Bhadra if fully subscribed, or extend to 5 Ashwin if not.
- NMB Capital Limited is the issue manager, and applications can be made for a minimum of 10 units and a maximum of 10,000 units.
- ICRA Nepal upgraded Beni Hydropower Project Limited’s issuer rating to BB+ from BB, while the company continues construction of the 18 MW Upper Solu Khola Hydropower Project.
