IPO for General Public: Bhujung Hydropower Limited to Issue 8,30,000 Units IPO Shares from Magh 12
Summary
Bhujung Hydropower Limited will issue 830,000 IPO shares to the general public starting 12th Magh, with Kumari Capital Limited as issue manager, and an extended subscription deadline if not fully subscribed by 15th Magh.
Key Points
- Bhujung Hydropower Limited plans to offer 830,000 IPO shares to the general public starting on 12th Magh 2082.
- The issued capital is Rs. 1 Arba, with 20% (2,000,000 units) issued to the public and subsets allocated to locals, citizens abroad, employees, and mutual funds.
- The IPO subscription deadline is initially 15th Magh but may extend to 26th Magh if undersubscribed.
- ICRA Nepal downgraded Bhujung Hydropower Limited's issuer rating from B+ to B-, indicating increased financial risk.
