IPO Opens From Today For Project Affected Locals Of Bindhyabasini Hydropower Development Company (BHDCL)

Sun, Apr 24, 2022 10:32 AM on Latest, IPO/FPO News,

Bindhyabasini Hydropower Development Company Limited (BHDCL) is opening its IPO to the project-affected locals of Lamjung and Kaski Districts.

A total of 10,00,000 shares will be issued at a par value of Rs. 100 per share. Locals of wards no. 5, 6, and 7 of Kwhlosothar Rural Municipality in Lamjung and wards no. 8 and 9 of Madi Municipality in Kaski have been allocated with 7 lakh shares. Meanwhile, the remaining 3 lakh shares are for the other residents of Kwhlosothar Municipality and Madi Municipality.

The IPO has opened from today i.e 11th Baisakh, 2079 and will close on 25th Baishakh, 2079. If unsubscribed, the issue can be extended up to Jestha 09, 2079.

The interested locals can place their applications for a minimum of 10 units and a maximum of 1,00,000 units.

Sanima Capital has been appointed as the issue manager for the IPO issuance.

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.

Click here for IPO Offer Letter