Bikash Hydropower Company Limited IPO has attracted applications worth over Rs 2.56 Arba by the final day. As per CDS and Clearing Limited (CDSC), by 5:07 PM on Sunday, a total of 21,20,857 applicants had applied for 2,56,27,110 units of shares.
The IPO was opened to the general public on Ashadh 18 (Wednesday) with a total of 29,42,760 units on offer. Before this, the company had already allotted 9,09,101 shares to locals affected by the project area and 3,54,550 shares to Nepali citizens working abroad who received labor approval from the Nepal government.
ICRA Nepal has given the IPO a credit rating of [ICRA NP] IPO Grade BBB-, indicating a moderate risk level in the company’s capacity to meet its financial obligations.
Despite the moderate rating, investor participation was extremely high, reflecting the growing trust and interest in hydropower sector investments in Nepal.
