Bhugol Energy Development Company Issue its 13,46,993 Units of IPO Shares from Today

Bhugol Energy Development Company Issue its 13,46,993 Units of IPO Shares from Today

From today, or 23rd Chaitra 2079, Bhugol Energy Development Company is issuing its 13,46,993 Units of IPO Share to the General Public.

A well-known energy business, Bhugol Energy Development Corporation, has released an offer letter for its Initial Public Offering (IPO) to the public.

The initial public offering (IPO) would have 13,46,993 unit shares with a face value of Rs. 100 available starting on Chaitra 23, 2079, with a goal of raising Rs. 13.46 crore.

Upcoming IPOs in Nepal 2023 updated List

Investors can subscribe up until the early closing date on the 27th Chaitra. If the issue is not completely subscribed, an extension is possible until the seventh Baisakh of 2080.

The business has already given 108,811 units to Nepalese workers who are stationed overseas. Moreover, 71,916 units, or 5% of the shares, are reserved for mutual funds.

The general public can purchase the remaining 13,46,993 units. with an investment of 10 units minimum and 30,000 units maximum.

The IPO issuance’s issue manager is NIC Asia Capital Ltd. Moreover, Bhugol Energy Development Company Limited’s issuer rating of [ICRANP-IR] B- has been confirmed by ICRA Nepal.

In Nepal’s Dailekh District, Karnali Province, Bhugol Energy Development Company Ltd. manages the 3.75 MW Dwari Khola Small Hydropower Project.

In contrast to the stipulated COD of June 30, 2017, the project began commercial operations on May 6, 2017. With an initial debt-to-equity ratio of 82:18, the project had a cost of about NPR 734 million (or NPR 196 million per MW).

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Bhugol Energy Development Company Issue its 13,46,993 Units of IPO Shares from Today

From 23rd Chaitra 2079, Bhugol Energy Development Corporation will offer 13,46,993 Units of IPO Shares to the General Public.
The business was establish on February 16, 2009. On October 31, 2017, the private limited business changed its status to a public limited corporation to enable public engagement.

70% of the company’s shares have already distribute to promoter shareholders. Whereas 10% has allot to Dailekh District residents affected by the project and Nepalese nationals working abroad.

Investors might benefit from the IPO of Bhugol Energy Development Company if they’re seeking for attractive possibilities in the energy industry.

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Three Star Hydropower Limited’s IPO proposal was finally approved by SEBON; the company will soon issue an IPO of Rs. 12.31 billion

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Upcoming IPOs in Nepal 2023 updated List