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Tuesday, September 28, 2021
    Nepal Stock ExchangeIPO | FPO NewsIPO of Buddha Bhumi Hydropower Opening Today

    IPO of Buddha Bhumi Hydropower Opening Today

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    From Ashwin 11, Buddha Bhumi Hydropower Company would issue 8,00,000 ordinary shares worth Rs. 8 crores to the general public. The IPO issue’s closing date is Ashwin-14, 2078. If this issue does not sell out by Ashwin 14th, 2078, it be extended until Ashwin 24th, 2078.

    From Ashwin-11, 2078, the business to issue a of 800,000 units of shares, or 20% of issued capital. A total of 40,000 units, or 5%, of the 800,000 units are for mutual funds. The company’s employees receive 2% of the units, or 14,000 units, while the general public would receive the remaining 744,000 units.

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    A minimum of 10 units and a maximum of 50,000 units can be applied for.

    The issue manager for the IPO issuance has named NIBL Ace Capital Limited.

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