Buddhabhumi Nepal Hydropower Allots IPO; 74,400 Applicants Provided 10 Units

Oct 08, 2021 11:28 AM Merolagani

Buddhabhumi Nepal Hydropower has allotted an initial public offering (IPO) on October 8 in the premises of Civil Capital, issue manager for the company.

The company issued 800,000 units of primary shares worth Rs 80 million at a face value of Rs 100 per unit from September 27-30.

A total of 2,030,955 applicants had applied for 24,400,370 units of shares. Out of them, 16,033 applications were canceled. Only 2,014,922 applications were approved for the allotment.

In the allotment, 74,400 applicants were provided 10 units of shares, while the remaining applicants have been left empty-hand.

 

comments powered by Disqus

NEPSE Adjusts Stock  Price of Kumari Bank and Gurans Laghubitta

Oct 25, 2021 09:33 AM

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Kumari Bank (KBL) and Gurans Laghubitta Bittiya Sanstha (GLBSL) following their book close for upcoming AGM.