Beni Hydropower Project Limited IPO Allotment Concludes: Lucky 8,63,200 Applicants Allotted 10 Units Each via Lottery System
Summary
Beni Hydropower Project Limited concluded its IPO allotment today, with 86,320 applicants receiving 10 units each through a lottery system. The company issued 8,63,200 shares to the general public, while its issuer rating was upgraded by ICRA Nepal to BB+.
Key Points
- Beni Hydropower Project Limited finished the allotment of its IPO at NMB Capital Limited’s office.
- A total of 86,320 applicants received 10 units each through a lottery after 2,305,233 valid applications were received for 25,631,440 units.
- ICRA Nepal upgraded Beni Hydropower Project Limited’s issuer rating from BB to BB+.
- The company is developing the 18 MW Upper Solu Khola Hydropower Project in Solukhumbu District, which is still under construction.
