BHPL, a hydropower company that produces electricity, is issuing its IPO in Nepal. The general public will get 515220 units.
There will be 5,54,000 unit shares at a Rs 100 face value.
Barahi Hydropower IPO oversubscribed by 4.33422616 as per the report of CDSC
The IPO, available since 7th December 2022, has already been oversubscribed more than 4 times. Almost two lakh applicants applied for the IPO in a single day.
Barahi Hydropower Public Limited IPO Opening Dates and Infos
You can apply a minimum of 10 units and a maximum of 10000 units, also due to not fewer subscriptions from project-affected locals the remaining units will be added to this IPO.
So, the total units available before Mutual Funds and Employee reservation is Five lakhs fifty-four thousand (5,54,000).
Also Read: Upcoming IPOs in Nepal 2022 [Updated]
Barahi Hydropower Public Limited IPO Information in Nepal
| Issue Type | Units | Opening | Closing | Extend |
|---|---|---|---|---|
| Total Units | 5,54,000 | – | – | – |
| Issue Manager | NIBL Ace Capital | – | – | – |
| Employees | 11,080 (2%) | – | – | |
| Mutual Fund | 27,000 (5%) | |||
| Public | 515220 | 7th Dec 2022 | 12th Dec 2022 | 21st Dec 2022 |
| Locals (Ended) | 250,000 | 21st Oct (Over) | 1st Nov (Over) |
The official public announcement from the organization’s website provides all the information regarding its share selling.
Application for IPO of Barahi Hydropower Public Limited
You can apply for this IPO from your Mero Share account.
Barahi Hydropower Public Limited IPO opening started on 7th December 2022 and will continue until 12th December 2022.
Also, if the company’s shares do not get booked within that period, then they will extend it until 21st December 2022.
The company has allocated 5,54,000 unit shares for the general public, out of which only 5,15220 shares will be available. 2% of the public share, 11,080, is reserved for employees, and 5%, which is 27,000 units, will be reserved for mutual funds.
Rating of Barahi Hydropower Public Limited
ICRA Nepal has rated Barahi Hydropower “[ICRANP-IR] B-” (pronounced ICRA NP issuer rating B minus).
Issuers with this rating are considered to have a high risk of default regarding the timely servicing of financial obligations.
IRCA Nepal on BHPL
