Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Bhujung Hydropower Limited. The company had issued the IPO from January 26. The company has issued shares to the general public after issuing shares to the locals of the project-affected areas and Nepalis who are employed abroad. <\/p>\n
The company was allowed to issue 20 percent of the issued capital i.e. 20 million units of shares worth Rs 200 million. Out of the total offered shares, the company has set aside 10 Lakh units for the locals of the project affected area and 1 Lakh units for the Nepalese working abroad. <\/p>\n
In the second phase, the company has reserved 20,000 units for its employees and 50,000 units for mutual funds. <\/p>\n
Applications can be place for minimum 10 units and maximum 50,000 units. <\/p>\n
ICRA Nepal has assigned ICRA NP Issue Rating ‘Single B Plus’ to the company. This indicates that there is a high risk to the company’s ability to meet its obligations. <\/p>\n
Kumari Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can collect ASBA application form from all ASBA member banks and their designated branch offices through the Securities Board of Nepal (SEBON).<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Bhujung Hydropower Limited. The company had issued the IPO from January 26. The company has issued shares to the general public after issuing shares to the locals of the project-affected areas and Nepalis who are employed abroad. The company was […]<\/p>\n","protected":false},"author":9,"featured_media":199766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45212,45159],"tags":[],"class_list":["post-285283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hydropower-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=285283"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285283\/revisions"}],"predecessor-version":[{"id":285284,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285283\/revisions\/285284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/199766"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=285283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=285283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=285283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}