IPO Proposal of Bhujung Hydropower Approved by SEBON
Summary
Bhujung Hydropower Limited has received approval from SEBON to issue 2 million shares in its IPO, with share pricing set at Rs. 100 per unit. The company is developing a 7.5 MW hydropower project in Lampung district, Nepal.
Key Points
- SEBON approved the IPO proposal of Bhujung Hydropower Limited on 11th Mangsir, 2082.
- The company will issue 2,000,000 shares to the general public at a par value of Rs. 100 per share.
- Kumari Capital Ltd has been appointed as the issue manager for the IPO.
- ICRA Nepal downgraded Bhujung Hydropower's issuer rating from B+ to B-, indicating increased financial risk.
