Bungal Hydro Limited Closing IPO Shares to Project-Affected Locals of Bajhang From Today
Summary
Bungal Hydro Limited is closing the IPO share issuance for project-affected locals of Bajhang district, offering 830,000 shares as part of its 83 Crore capital. The company is developing a 10.70-MW Upper Sanigad Hydroelectric Project in Bajhang, Nepal.
Key Points
- Bungal Hydro Limited is closing the issue of 830,000 IPO shares for project-affected locals of Bajhang district.
- The company's issued capital is Rs. 83 Crores, with 35% (2,905,000 shares) to be issued to the public.
- 10% of the total shares (830,000 units) are allocated specifically to project-affected locals in Bajhang.
- Bungal Hydro Limited is developing the 10.70-MW Upper Sanigad Hydroelectric Project in Bajhang with an estimated cost of NPR 2,867 million.
- ICRA Nepal has assigned long-term and short-term loan ratings to Bungal Hydro Limited.
- Himalayan Capital Limited acts as issue manager for the IPO.
