Bungal Hydro IPO Opens for the General Public! Investment Opportunity Alert!
Bungal Hydro Limited has just announced the initial public offering (IPO) for the general public, starting today! This is your chance to get involved in the stock market and potentially grow your investment portfolio!
The IPO follows previous offerings to project-affected locals and Nepali migrant workers, making this the next exciting step. This is a great investment opportunity for those looking to enter the stock market or expand their current investment strategy.
IPO Details
Bungal Hydro is issuing a total of 29.05 million rupees worth of shares, representing 35% of its issued capital of 83 crore rupees. A total of 17.015 million rupees worth of shares (17 lakh 1 thousand 500 shares) are now available for the general public, each with a face value of 100 rupees.
How to Apply for the IPO
If you’re eager to participate in this IPO, you can apply for a minimum of 10 shares and a maximum of 20,000 shares. The IPO is open for a limited time only. Be sure to apply by the earliest date which is Bhadra 19th. If the IPO does not close then, you have until Bhadra 30th to apply. Don’t miss out on this potential investment!
Important Note:
Bungal Hydro has received a CARENP-B (Single B Issuer Rating) from CARE Ratings Nepal. This credit rating indicates an average level of risk associated with the company’s ability to meet its financial obligations. Remember to always conduct your own due diligence and consult with a financial advisor before making any investment decisions.
Key Takeaways for Investors
- IPO Availability: The IPO is open for general public investment.
- Share Price: Shares are offered at 100 rupees each.
- Application Range: Minimum 10 shares, Maximum 20,000 shares.
- Application Period: Apply between Bhadra 16th to Bhadra 19th or Bhadra 30th at the latest.
- Risk Assessment: Rating of CARENP-B indicates the average level of risk.
This is a fantastic opportunity to take a step into the Nepalese stock market! Research Bungal Hydro and make your decision today! This investment could be a great move for your financial future!
