IPO for General Public: Bindhyabasini Hydropower Issuing 15,00,000 units IPO shares from Jestha 20
Fri, May 27, 2022 11:53 AM on IPO/FPO News, Latest,
Bindhyabasini Hydropower Development Company Limited (BHDCL) has published an offer letter to issue its IPO to the general public.
The company will be issuing 15,00,000 units IPO shares worth Rs. 15 crore to the general public from 20th Jestha, 2079. The early closing date of this issue is on 25th Jestha and if the issue is not fully subscribed then it can be extended up to Ashadh 03, 2079.
Out of the offered 15,00,000 units; 4% of the total offered shares to the general public i.e. 60,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 75,000 units have been set aside for the mutual funds. The remaining 13,65,000 units are for the general public.
Sanima Capital Limited has been appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,00,000 units.
10% of the company's issued capital is already allotted to the locals of project affected area and now this 15% is for the general public.
IPO Allotment for BHDCL Concludes
CARE Ratings Nepal has assigned a double B plus issuer rating [CARE-NP BB+ (Is)] to the company. Companies with this grading are considered to have a moderate risk of default regarding timely servicing of financial obligations.
Bindhyabasini Hydropower Development Company Ltd. (BHDCL) is a Public Company, incorporated on December 18, 2000 as private company and later on, converted to public limited company in March 13, 2017. BHDCL has two operational run of the river hydropower project; 8.8 MW Rudi Khola-A Hydropower Project (Rudi A) and 6.6 MW Rudi Khola-B Hydropower Project (Rudi B). Rudi A is operational since Mid-March 2019 whereas Rudi B is operational since Mid-February 2020. The project is constructed under BOOT model (Build, Operate, Own and Transfer).
