Bungal Hydropower Limited is set to open its Initial Public Offering (IPO) to the public starting Ashar 29, 2082 (July 13, 2025). The IPO will be available specifically for two groups: Nepali citizens currently working abroad and local residents affected by the hydropower project in Bajhang district.
This offering allows both groups to become shareholders in a major infrastructure project happening in their own region or country.
Who Can Apply?
1. Nepalis Working Abroad
Bungal Hydropower has reserved 207,500 shares exclusively for Nepali workers who are currently employed in foreign countries. These applicants can apply through the C-ASBA system using their bank accounts linked to the capital market.
2. Locals Affected by the Project
The company is also issuing 830,000 shares to the local people living in areas directly or indirectly affected by the hydropower project.
These shares are divided into two categories:
- Highly Affected Areas (65% = 539,500 shares):
Residents of Bungal Municipality, specifically Ward No. 6 (former Pipalkot VDC Wards 4, 5, and 7) and Ward No. 7 (former Kaflaseri VDC Ward 10), will be given priority. These areas are considered to be the most affected by the project’s construction and operation. - Moderately Affected Areas (35% = 290,500 shares):
People living in Bungal Municipality’s Wards 1, 2, 3, 4, 5, 8, 9, 10, and 11 are eligible under this category.
IPO opens Ashar 29 (July 13) for project‑area locals and Nepalis working abroad. Shares are priced at NPR 100 each.
Quick financial snapshot (FY 2080/81)
• EPS: NPR 1.55
• Net‑worth per share: NPR 97.43
How Much Can You Apply For?
Both migrant workers and local residents can apply for a minimum of 10 shares and up to a maximum of 20,000 shares at a face value of NPR 100 per share.
Application Deadlines
- Locals can apply from Ashar 29 to Shrawan 26, 2082.
- Migrant workers can apply until Shrawan 11, 2082, within banking hours.
Where to Apply?
Local residents can submit their applications at the following banks and branches:
- Nepal Investment Mega Bank, Kedarsyu–1
- Agricultural Development Bank, Bungal Municipality Ward No. 4
- Global IME Bank, Jayaprithvi Municipality Ward No. 10
- Project Site, Bungal Municipality Ward No. 7
Migrant workers must apply digitally using the C-ASBA (Centralized Application Supported by Blocked Amount) system through their respective banks.
Issue Manager
The IPO is being managed by Himalayan Capital Limited, a leading merchant banker in Nepal.
