IPO of Bhagawati Hydropower Development Company Added in SEBON Pipeline; Company to Issue IPO at Premium Price

The Initial Public Offering (IPO) of Bhagawati Hydropower Development Company Limited has been added to SEBON’s pipeline for approval. The application was submitted to the board on Mangsir 20, 2079.

The company is seeking to issue 1,430,162 unit shares to project-affected locals and the general public at a premium price of Rs. 116 per share (Rs 100 face value + Rs 16 premium price). The IPO issue will raise a total of Rs. 14,30,16,200, which will make up 25% of the paid-up capital.

Likewise, Siddhartha Capital has been appointed as the issue manager for the IPO issuance.

Bhagawati Hydropower Company Limited is a public limited company, incorporated on December 18, 2000, as a private limited company and later converted to a public limited company on April 19, 2018. BHCL is involved in the operation of the 4.41 MW run-of-the-river Bijayapur 1 Small Hydroelectric Project in Kaski District which has been in commercial operation since August 21, 2012. The project is constructed under the BOOT (Build, Own, Operate, and Transfer) mechanism.