Bungal Hydro Limited is opening its IPO for the general public from Bhadra 16 to Bhadra 19. Investors across Nepal can now apply for shares in the company.
How many shares are for general public?
From the company, 17,01,500 shares are being offered to the general public at a face value of Rs 100 each. Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. The IPO will close on Bhadra 19 if fully subscribed.
Rating and EPS details
The company’s earnings per share (EPS) is Rs -41.69, which means it is currently running at a loss. Bungal Hydro operates in the hydropower sector. The total project cost has not been publicly specified, but as a hydropower project, it aims to generate and supply electricity to the national grid in the coming years.
Himalayan Capital Limited is managing the IPO. Applications can be submitted through the C-ASBA system or online via Mero Share.
