Bhugol Energy Development is closing its 13,46,993 IPO Shares of the General Public from today 

Bhugol Energy Development is closing its 13,46,993 IPO Shares of the General Public today 

Bhugol Energy Development Company is Closing the IPO of 13,46,993 Units of Shares to the General Public from today or 27th Chaitra 2079. The issue was start on 23rd Chaitra 2079. From this IPO the company hopes to rise 13.46 Cr. If the IPO is not completely subscribe it can extend to the 7th of Baisakh 2080.   

Earlier the company had issues with the: –

  • Locals of Dailekh District – 5,44,053 Units of Shares (Allotted only 85,020 Units)

The remaining 10,88,107 units (20% of the issued capital which is reserved for the general public) are added to the remaining 459,033 units of unsubscribed shares of project-affected residents to create a total of 15,47,140 units for the general public.

  • Nepalese Employees Working Abroad – 1,08,811 Units of shares (Out of 15,47,140 Units)
  • Mutual Fund- 71,916 Units of shares (5% of Total)
  • Company Employee- 19,420 Units
  • And the remaining 13,46,993 Units of IPO Shares are Issue to General Public.

In all, the promoter owners own 70% of the company’s shares. The issue manager of this IPO is NIC Asia Capital Ltd. A minimum of 10 units and a maximum of 30,000 units of shares can request in an application.

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The issue rating of this company is [ICRANP-IR] B- (pronounced ICRA NP issuer rating B minus) renewed by ICRA Nepal.

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