Bhugol Energy Development Company IPO has been published today to the general public. Applicants can apply now for this IPO.
From the 23rd Chaitra of 2079, the corporation is issued 13,46,993-unit shares with a face value of Rs 100. With this IPO, the company hopes to raise Rs 13.46 crore. This issue’s early closing date is on Chaitra 27, and if it still needs to be completely subscribed, the deadline can be extended until Baisakh 7, 2080.
In the past, the business had distributed 544,053 unit shares worth Rs. 5.44 crores to the residents of Dailekh District who would be impacted by the project, only 85,020 of which were allocated to eligible applicants. As a result, 10,88,107 units (20% of the issued capital is reserved for the general public) are added to the remaining 459,033 units of unsubscribed shares of locals affected by the project to create a total of 15,47,140 units for the general public.
Out of the entire 15,47,140 units, 108,811 units have already been released and given to Nepalese residents who are working overseas. Additionally, 19,420 units have been reserved for firm personnel and 71,916 units, or 5% of the total shares offered, have been set aside for mutual funds. 13,46,993 units are left over for sale to the general public.
In total, the promoter owners own 70% of the company’s shares.
The IPO issuance’s issue manager has been named as NIC Asia Capital Limited. A minimum of 10 units and a maximum of 30,000 units may be requested in an application.
Bhugol Energy Development Company Limited has had its issuer rating of [ICRANP-IR] B- (pronounced ICRA NP issuer rating B minus) renewed by ICRA Nepal. The timely servicing of financial obligations is deemed to pose a significant risk of default for issuers with this rating.
Bhugol Energy Development Company Limited was established on February 16, 2009, as a private limited company, then on October 31, 2017, it changed its status to become a public limited company to enable public participation. The company runs the 3.75 MW Dwari Khola Small Hydropower Project in Nepal’s Karnali Province’s Dailekh District. The project was developed at a total cost of NPR 734 million (NPR 196 million) and began commercial operations on May 6, 2017, against the stipulated COD of June 30, 2017.
How to apply Bhugol Energy Development Company IPO from Mero Share
Are you looking for how to apply Bhugol Energy Development Company IPO from Mero Share ? If yes, here is the steps to apply IPO of Bhugol Energy Development Company IPO.
- Go to official website https://meroshare.cdsc.com.np/
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information in the current option,
- Then click on apply
- Then write the four-digit security code
- Then submit
- Application was completed; you will see that successfully applied with green color.