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BINDHYABASINI HYDROPOWER OVERVIEW
Bindhyabasini Hydropower Development Co. Ltd. was established on 2057/09/03 to operate, maintain, and develop a 15.4 MW project through the corridor of Rudhi Khola containing two projects Rudi A (8.8 MW) and Rudi B (6.6 MW). The main purpose of this company is to promote renewable energy and make people’s lives easier and more affordable.
Also Check: Upcoming IPO in Nepal
BINDHYABASINI HYDROPOWER IPO for General Public
Bindhyabasini Hydropower Development Co. Ltd. is going to issue the share of 25 lakhs units, 1000000 for the locals and 1500000 for the general public. After issuing the shares the company value will be 100 crores from 75 crores. They have opened the IPO for the locals from the Baishak 11 to Baishak 27 and it is closed due to oversubscription. Interested locals have applied for the shares and soon they will distribute the shares to the locals. The company has been approved by the SEBON on Chaitra 25,2078.
Now finally BINDHYABASINI HYDROPOWER has issued its IPO for the general public from Jestha 20 to Jestha 25 2079 B.S.
The company has appointed Sanima capital ltd. as an issue manager. After the completion of the IPOS promoters will have a 75% share and the public will have a 25% share. They have got a care rating of BB+ which means moderate risk of default regarding timely service of financial obligations.
FAQ`S
1. How many units of share to apply?
Ans: As there is a huge craze for IPOS in recent times, the company oversubscribes within its opening day so it is good to apply only 10 units.
Very informative