IPO Shares of Buddha Bhumi Nepal Hydropower Finally Listed in NEPSE

Sun, Jan 16, 2022 3:53 PM on IPO/FPO News, Latest,

40,00,000 unit shares of Buddha Bhumi Nepal Hydropower Company Limited are now listed in NEPSE.

The company had issued 8,00,000 units worth Rs 8 crore as Initial Public Offering to the general public from (Ashwin 11-14, 2078). This, along with the 8,00,000 unit shares issued to the locals and 28,00,000 shares to promoters have now been listed in NEPSE.

Thus, the promoter: public shareholding ratio of the company is now 70:30, and the paid-up capital is Rs 40 crore.

The company is developing a 4.993-MW Lower Tadi Khola hydropower project in Nuwakot District, Province 3 of Nepal.

The opening range for the first transaction is Rs. 84.05 - Rs. 252.15.