IPO for General Public: Bhujung Hydropower Limited Company Issue 8,30,000 Units IPO Shares from Today
Summary
Bhujung Hydropower Limited has launched its IPO issuing 830,000 shares to the general public starting 12th Magh 2082 with Kumari Capital Limited as issue manager. The company is developing the 7.5 MW Upper Midim Hydropower project in Lamjung district, Nepal.
Key Points
- Bhujung Hydropower Limited has opened its IPO for 830,000 shares to the general public starting 12th Magh, 2082.
- The IPO has an early closing date of 15th Magh, 2082, extendable to 26th Magh if undersubscribed.
- The company is developing the Upper Midim Hydropower Project with a 7.5 MW licensed capacity in Lamjung district.
- Kumari Capital Limited is appointed as the issue manager, with applications ranging from 10 to 50,000 units.
- ICRA Nepal Limited downgraded Bhujung Hydropower's issuer rating from B+ to B-.
