Bhagawati Hydropower Development Limited Ipo for Gerneral public issue unit and open date
Introduction of Bhagwati hydropower company limited and the some details :
Bhagawati Hydropower Development Limited's plans for an IPO. The company received approval from the Securities Board of Nepal (SEBON) on Ashad 6, 2080 BS to issue 14,30,162 shares in the IPO at a price of Rs. 116, including a premium of Rs. 16 over the par value of Rs. 100, resulting in a total of Rs. 16.58 crores raised through the public issue.
The IPO will take place in two phases: first, 10 percent of the shares (5,72,064 shares) will be offered to locals of project-affected areas, and then 15 percent (8,58,098 shares) will be made available to the general public. After the IPO, if fully subscribed, the combined ownership of the general public and locals will be 25 percent, while the promoters will retain the remaining 75 percent.
Siddhartha Capital Limited has been appointed as the issue and sales manager, with a public offering agreement signed between the company and Siddhartha Capital on December 31, 2021.
For the general public this company open ipo from bhadra 05 to bhadra 08.
More details for general public is below in picture
