Bhujung Hydropower Limited Issuing IPO Shares to Locals of Lamjung District And Nepalese Employed Abroad From Poush 03
Summary
Bhujung Hydropower Limited is issuing an IPO to project-affected locals of Lamjung District and Nepalese citizens working abroad starting from Poush 03, 2082, with specific share allocations and application limits.
Key Points
- Bhujung Hydropower Limited is issuing an IPO targeting project-affected locals of Lamjung District and Nepalese working abroad.
- The IPO for locals runs from Poush 3 to 17, 2082, with possible extension; for Nepalese abroad, from Poush 3 to 7, 2082, also with extension possibilities.
- The company’s issued capital is Rs. 1 Arba with 20% (20,00,000 shares) offered to the public.
- Kumari Capital Limited is appointed as the issue manager, and ICRA Nepal Limited downgraded the company's issuer rating from B+ to B-.
- The Upper Midim Hydropower Project is a 7.5 MW run-of-river project located in Kwhlosothar Rural Municipality, Lamjung district.
