Bhujung Hydropower Limited Closing 1,00,000 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Bhujung Hydropower Limited is closing its IPO share issue for foreign Nepalese immigrants today, offering 100,000 shares set aside for Nepalese citizens working abroad. The company is developing the Upper Midim Hydropower Project in Lamjung district.
Key Points
- Bhujung Hydropower Limited is closing the IPO issue for 100,000 shares allocated to Nepalese working abroad today.
- The company has an issued capital of Rs. 1 Arba with 20% (20,00,000 unit shares) issued to the public.
- 10% shares are allocated to project-affected locals of Lamjung district, while another 10% will be issued to the general public later.
- The IPO has been oversubscribed 11.77 times with 72,547 applicants applying for 11,77,330 units.
