IPO for General Public: Beni Hydropower Project Limited To Issue 8,63,200 Units IPO Shares from Today
Summary
Beni Hydropower Project Limited has opened its IPO to the general public, issuing 8,63,200 shares at Rs. 100 each. The offering includes reserved portions for locals of Solukhumbu, Nepalis working abroad, employees and mutual funds, with NMB Capital Limited as issue manager.
Key Points
- Beni Hydropower Project Limited has opened an IPO for the general public, offering 8,63,200 shares at a face value of Rs. 100 each.
- The company had earlier allotted shares to project-affected locals of Solukhumbu, Nepalis working abroad, employees and mutual funds.
- NMB Capital Limited is serving as the issue manager for the offering.
- ICRA Nepal upgraded the company’s issuer rating to [ICRANP-IR] BB+ from BB, while the company continues developing the 18 MW Upper Solu Khola Hydropower Project.
