Bungal Hydro Limited IPO Closing From Today For Nepalese Employed Abroad; Deadline Extended for Locals Till Shrawan 26
Sun, Jul 27, 2025 8:45 AM on IPO/FPO News, Highlight News,
Bungal Hydro Limited is closing the issue of its IPO to the Nepalese citizens working abroad from today, i.e., 11th Shrawan, 2082, and has extended the IPO issue deadline for project-affected locals of Bajhang District till Shrawan 26, 2082. The issue had opened on 29th Ashadh, 2082.
The issued capital of the company is Rs. 83 Crores. Of this, 35%, i.e., 2,905,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, which amounts to 8,30,000 unit shares worth Rs. 8.30 Crores, will be allocated to project-affected locals of Bajhang district. The remaining 35% of the issued capital, i.e., 20,75,000 unit shares, will be offered to the general public later.
Of this general public issue, 10%, a total of 2,07,500 unit shares, have been set aside for Nepalese citizens working abroad, and the issue for this category will close from today.
For the project-affected locals and Nepalese citizens working abroad, the minimum application quantity to be applied is 10 units, while the maximum quantity is 20,000 units.
Himalayan Capital Limited has been appointed as the issue manager for the IPO issuance.
According to CDSC, 68,669 applications have been received through Nepalese citizens working abroad for a total of 11,58,400 units so far.
ICRA Nepal has assigned a long-term rating of [ICRANP] LB- (pronounced ICRA NP L B minus) for the long-term loans and a short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) for the short-term loans of Bungal Hydro Limited (BHL or the company).
Bungal Hydro Limited (BHL), incorporated on June 13, 2016, was developing the 10.70-MW Upper Sanigad Hydroelectric Project in Bajhang, Nepal. The project, a run-of-the-river type, had an estimated cost of NPR 2,867 million, financed through a 75:25 debt-to-equity ratio. As of mid-October 2022, BHL's paid-up capital was NPR 506 million, with major shareholders including Jalanjali Investment Pvt. Ltd. (28%), Barun Investment Pvt. Ltd. (14%), Jaya Ganesh Investment Pvt. Ltd. (13%), Shiva Shankar Investment Pvt. Ltd. (12%), and Bungal Hydro Investment Ltd. (12%), while 21% was held by other investors.
