IPO Issue of Beni Hydropower Project Limited Closing Today; Oversubscribed 25.76 Times So Far
Summary
Beni Hydropower Project Limited is closing its IPO today after the issue was oversubscribed 25.76 times, with nearly 19.8 lakh applicants seeking 2.22 crore units. The company is developing the 18 MW Upper Solu Khola Hydropower Project in Solukhumbu district.
Key Points
- Beni Hydropower Project Limited is closing the issue of 8,63,200 IPO units today after opening it on 22nd Bhadra, 2083.
- The IPO has received applications from 19,78,086 applicants for 2,22,42,970 units, making it oversubscribed 25.76 times.
- NMB Capital Limited is the issue manager, and applications were allowed for a minimum of 10 units and a maximum of 10,000 units.
- ICRA Nepal upgraded the company’s issuer rating to [ICRANP-IR] BB+ from [ICRANP-IR] BB.
