Today (Bhadra 20) is the last day to apply for the Initial Public Offering (IPO) of Bungad Hydropower Limited. The company opened the IPO on Bhadra 16, issuing 1,701,500 shares to the general public.
Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. Applications can be submitted through ASBA-approved banks and financial institutions, as well as via the Mero Share platform.
Care Ratings Nepal has assigned the IPO a grade of CARE-NP Single B, indicating an average risk regarding the company’s ability to meet its obligations. Himalayan Capital Limited is the issue and sales manager.
Earlier, the company had already issued shares to project-affected locals and Nepalis working abroad. In total, the company has approval to issue 2,905,000 shares.
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