Bindhyabasini Hydropower Development Co. Ltd. is opening an IPO for local people from 11 Baishak 2079 to 25 Baishak 2079. Out of 1 Million (10 Lakhs) shares, 7,00,000 shares have been allotted to the locals of Madi Gaonpalika Ward No. 8 and 9 of Kaski District and 3,00,000 shares have been allotted to the residents of Ward No. 8 and 9 of Kwaholasothar Gaonpalika which is connected to the main structure of the project.
Table of Contents
Bindhyabasini Hydropower Development Co. Ltd. IPO
| S.N | Bindhyabasini Hydropower Dev. Ltd IPO | Details |
| 1 | Company Sector | Hydropower |
| 2 | Issue Manager | Sanima Capital Limited |
| 3 | Open IPO Date | 11 Baishak 2079 |
| 4 | Close IPO Date | 25 Baishak 2079 |
| 5 | Total No of Units | 10 Lakh units |
| 6 | Price per Unit | Rs 100 |
| 7 | Suitable to Apply (General Public) | 50+ Units |
| 9 | Maximum units apply (Kitta) | 1000 units |
Bindhyavasini Hydropower is going to sell IPO on 11 Baishak 2079 B.S. The company is going to sell 1 million IPO lots for the locals affected by the project from April 25.
The last IPO in Nepal was CYC Laghubitta Bittiya Sanstha Limited which was opened on 2 Baishak 2079. Upakar Laghubitta Bittiya Sanstha Limited IPO was also opened on 25 Chaitra 2079.
The company is going to sell shares worth Rs 100 million from the issued capital of Rs 1 billion to the locals. The company has issued the IPO at a face value of Rs 100 per share. Locals can apply for a minimum of 10 lots and a maximum of 100,000 lots.
Bindhyabasini Hydropower Dev. Co. Ltd. IPO Time
If the shares are not sold, the sale will be opened to the public by adding to the remaining shares. Applications can be submitted as early as 8 May and as late as 23 May 2022.
Rating agency [ICRA] Nepal has given ‘Issuer Rating Double B Plus’ to Bindhyavasini’s IPO. Which indicates an average risk in the company’s ability to bear responsibility. Sanima Capital is the sales manager in this IPO.
Bindhyabasini Hydropower Dev. Co. Ltd. IPO Location
According to the company, locals can apply for the IPO from Sanima Bank’s Birouta and Pokhara branches, Civil Bank’s Maling branch, Kamana Sewa Bikas Bank’s Kaski and Besishahar branches, Pokhara Finance’s Pokhara and Besishahar branches and project workplaces.
For more IPO in Nepal, you can visit 31+ Upcoming IPO in Nepal With Date in 2078 | Upcoming IPO in Nepal with Date in 2022.
In addition, C-ASBA can apply from licensed banks and financial institutions and their branch offices.
How To Apply IPO?
- Log into Mero share using your credentials.
- From the menu on the left, go to My ASBA –>Current Issue>Bindhyabasini Hydropower Limited.
- Click Apply next to the IPO you want to apply for.
- Fill up Applied Quantity.
- Enter your CRN number accurately.
- Click on Apply.
Conclusion:
This IPO is now open for the local people in this phase. Therefore, locals can apply for this IPO from 11 Baishak 2079 to 25 Baishak 2079 on your meroshare account. You can also visit the banks for applying this IPO.
