IPO Issue of Bhujung Hydropower Limited Closing Today; Oversubscribed 30.04 Times So Far
Summary
Bhujung Hydropower Limited's IPO issue of 830,000 shares closes today, with the IPO oversubscribed 30.04 times as per CDSC data. The company is developing a 7.5 MW hydropower project in Lampung district, Nepal.
Key Points
- Bhujung Hydropower Limited is closing the IPO issue of 830,000 shares today after being open since 12th Magh 2082.
- The IPO has been oversubscribed 30.04 times with 21,45,156 applicants applying for 249,37,070 units according to CDSC.
- Bhujung Hydropower Limited is developing the 7.5 MW Upper Midim Hydropower Project in Kwhlosothar Rural Municipality, Lampung district, Nepal.
- ICRA Nepal Limited downgraded Bhujung Hydropower Limited's issuer rating from B+ to B-, indicating increased financial risk.
