Bungal Hydro IPO Opens for the Public Tomorrow! Invest in Renewable Energy!
Are you looking for a promising investment opportunity in the Nepalese stock market? Get ready! Bungal Hydro Limited is set to launch its Initial Public Offering (IPO) for the general public tomorrow, Bhadra 16th! This is your chance to buy shares in a company focused on hydroelectric power, a crucial sector for Nepal’s economic growth.
Bungal Hydro is offering a total of 290,500 shares, representing 35% of its total issued capital, which is worth 83 crore rupees. IPO shares have already been allocated to affected local residents, Nepalese citizens working abroad, mutual funds, and company employees. Now, in this second phase, 17,01,500 ordinary shares are available to the general public at a price of Rs. 100 per share. This is a fantastic opportunity to invest in the stock market!
How to Apply for the IPO:
The IPO offers accessible entry points for investors of all sizes. You can apply for a minimum of 10 shares, and a maximum of 20,000 shares. The IPO will remain open for a limited time, from Bhadra 16th until Bhadra 19th (earliest) or Bhadra 30th (latest). Don’t miss your chance to become a shareholder!
Risk Assessment:
Care Ratings Nepal has assigned a “CARE-NP Single B Issuer Rating” to Bungal Hydro. This rating indicates an average level of risk, making it a relatively stable investment compared to riskier options. Before you invest in the stock market it is important to understand these factors!
Important Details:
- Company: Bungal Hydro Limited
- IPO Launch Date: Bhadra 16th
- Share Price: Rs. 100 per share
- Minimum Application: 10 shares
- Maximum Application: 20,000 shares
- IPO Closing Dates: Bhadra 19th (earliest) / Bhadra 30th (latest)
- Issue Manager: Himalayan Capital Limited
This is a great opportunity to diversify your investment portfolio and participate in the growth of Nepal’s hydropower sector. Consider this IPO and make a smart decision! Apply for the IPO today! Start your stock market investment journey with Bungal Hydro!
