Barun Investments Ltd to issue IPO to General Public, Global IME Capital Appointed as Issue Manager

Wed, Sep 21, 2022 4:35 PM on Latest, IPO/FPO News, Stock Market,

Barun Investments Ltd has appointed Global IME Capital Ltd as the issue manager for the public issuance of 15 lakh ordinary shares allocated to the general public (inlcuding company employees and collective investment funds). The Chairman Mr. Shiv Prasad Ghimire and the Chief Executive Officer Mr. Paras Mani Dhakal have signed the agreement about the fulfillment of the deal on behalf of Barun Investment Ltd.

The company has an authorized capital of Rs 60 crore and an issued capital of Rs 55 crore. The share capital for this company, in which the promoters own 77 percent of the shares, has been paid in the amount of Rs. 40 crores by 17 promoting shareholders. This company is a member of the group that invests specifically in the energy industry and has been properly registered with the office of the company registration. The S.G. Group is the company's largest investor.

Barun Investment Company was founded as a public company in the year 2077, and it has its registered office at Banimandal-4 in the Lalitpur district.  The company is the primary investor in the three hydroelectric power plants, Kalanga Hydro Ltd. (15.33 MW), Sanigad Hydro Ltd. (38.47 MW), and Bungal Hydro Ltd. (10.70 MW), which together generate 64.49 MW of electricity.

Barun Investment Ltd recently committed to investing in Gurans Hydro Pvt. Ltd and the Sankhuwa River (41.06 MW). Barun Investment is getting ready to make investments in the future in the hotel, agriculture, hydropower, and other industries.