Bungal Hydro IPO Allotment Completed: Key Details for Investors
Bungal Hydro Limited has officially completed the IPO allotment process for local residents impacted by the hydroelectric project. This is exciting news for those who applied and a significant step forward in the investment journey. Let’s delve into the specifics of the IPO and what it means for investors in Nepal.
The IPO allotment took place on August 20th (Nepali date: Bhadra 5th). The company had initially opened the IPO for affected locals from July 14th to August 12th (Nepali date: Ashar 29th to Shrawan 26th), offering a total of 830,000 shares.
During the application period, investors submitted their applications diligently. Now, the IPO allotment has determined who has been granted shares. Among the applicants, the company has allocated shares to both the highly affected and normally affected regions. A total of 196 applicants from the highly affected area received 110,560 shares, while 1,771 applicants from the normal affected area received 719,440 shares.
For those who were not successful in receiving the IPO shares, the company is taking steps to refund the application money. Bungal Hydro Limited has assured that the refund process will be completed soon, with funds being returned to the applicants’ bank accounts. This ensures a smooth and transparent investment experience for all investors.
Investing in IPOs can be a great way to enter the stock market and participate in the growth of promising companies like Bungal Hydro Limited. If you are looking for investment opportunities in Nepal, the Bungal Hydro IPO provided a chance to be part of a hydroelectric project. Keep an eye out for future IPO announcements and continue your research on stock market trends.
