IPO Alert: Bungel Hydro Limited Opens IPO for Public Investment!
Are you looking to invest in the stock market? Bungel Hydro Limited is excited to announce the opening of its Initial Public Offering (IPO) today! This is a fantastic opportunity for both experienced and new investors to get involved in a promising hydroelectric venture.
IPO Details:
Bungel Hydro Limited is issuing a whopping 29,05,000 shares to the public, each with a face value of Rs 100. This represents 35% of the company’s total issued capital of Rs 83 crore.
Who Can Invest?
This IPO is open to a broad range of investors! Here’s a breakdown:
- General Public: A significant portion of the IPO is allocated for the general public, making it accessible to everyone.
- Project Affected Area Residents: Shares are also reserved for residents within the project area.
- Foreign Migrant Workers: Nepali citizens working abroad with labor approval from the relevant Nepal Government body can apply.
- Mutual Funds: Investment opportunities are available for mutual funds.
- Company Employees: A portion of the shares is reserved for company employees.
How to Apply:
To apply for the Bungel Hydro Limited IPO, you’ll need to adhere to the following:
- Minimum and Maximum Investment: You can apply for a minimum of 10 shares. The maximum is 20,000 shares.
- Application Method:
- C-ASBA (Application Supported by Blocked Amount): Apply through any bank or financial institution that is a member of C-ASBA and approved by the Securities Board of Nepal (SEBON).
- Mero Share: Use the “Mero Share” online platform developed by CDS and Clearing Limited. This allows for easy online IPO applications.
Application Timeline:
The IPO application period starts today and runs until Bhadra 19, 2082 (September 3, 2025). If the shares aren’t fully subscribed, the IPO period could be extended to Bhadra 30, 2082 (September 14, 2025).
Company Information:
- Credit Rating: Bungel Hydro Limited has received a credit rating of “CARE-NP B (IS) [Single B (Issuer)]” from CARE Ratings Nepal Limited, which shows the level of risk investment involved. This credit rating was obtained on Magh 25, 2080.
- Issue Manager: Himalayan Capital Limited is the issue manager for this IPO.
- Registrar: The company’s registrar is located in Lalitpur, Nepal.
Why Invest in Bungel Hydro Limited?
This IPO offers a chance to invest in a hydroelectric project, potentially contributing to Nepal’s energy sector. It’s a chance to potentially get a return on your investment. Consider this an exciting investment opportunity! Diversify your portfolio with this stock market investment and seize the investment opportunities that this company offers. Remember to conduct your own due diligence and consider your investment goals. Don’t miss this chance to participate in the IPO! Get in early and invest now!
