IPO Issue of Bungal Hydro Limited Closing Today; Oversubscribed 11.99 Times So Far
Summary
Bungal Hydro Limited's IPO for 17,01,500 shares is closing today and has been oversubscribed by nearly 12 times, demonstrating strong public interest in the hydroelectric project finance.
Key Points
- Bungal Hydro Limited is closing its IPO issue of 17,01,500 shares today.
- The IPO has been oversubscribed 11.99 times, with over 18 lakh applicants applying for more than 2 crore units.
- ICRA Nepal has assigned long-term and short-term ratings to Bungal Hydro Limited's loans as LB- and A4 respectively.
- The company is developing a 10.70-MW Upper Sanigad Hydroelectric Project in Bajhang, Nepal, financed with a 75:25 debt-to-equity ratio.
