Kamal The IPO of Bungal Hydro Limited (BHL) is open to the general public from today, 16th Bhadra to 19th Bhadra, 2082. If not fully subscribed, the closing date may be extended until 30th Bhadra, 2082. The company is offering shares at a face value of Rs. 100 per unit. For this IPO, Himalayan Capital Limited has been designated as the issue manager, where applicants can apply for a minimum of 10 shares and up to a maximum of 20,000 shares.
Key IPO Figures
| Particulars | Units | Value (Rs.) |
| Company’s Issued Capital | 83,00,000 units | 83 Crores |
| Total Public Issue (35%) | 29,05,000 units | 29.05 Crores |
| Allocated to Project-affected Locals (Bajhang) | 8,30,000 units | 8.30 Crores |
| Remaining Public Issue | 20,75,000 units | 20.75 Crores |
| – Reserved for Nepalese abroad (10%) | 2,07,500 units | 2.07 Crores |
| – Reserved for Employees (3%) | 62,250 units | 0.62 Crores |
| – Reserved for Mutual Funds (5%) | 1,03,750 units | 1.03 Crores |
| Open for the General Public (Now) | 17,01,500 units | 17.01 Crores |
Credit Rating
ICRA Nepal has assigned Bungal Hydro Limited a long-term rating of [ICRANP] LB- and a short-term rating of [ICRANP] A4, indicating the company’s credit risk profile and its ability to manage borrowings.
About Bungal Hydro Limited
Bungal Hydro Limited is developing the 10.70 MW Upper Sanigad Hydroelectric Project in Bajhang, Nepal. This run-of-the-river project is designed to generate around 62.70 GWh of clean energy annually using two Pelton turbines. The project is connected to the national grid through a 132 kV transmission line. Along with providing sustainable power, it is expected to create jobs, support local businesses, and improve community facilities in the region.
Major Shareholders
The ownership structure of BHL shows the involvement of multiple private investment companies along with other individual investors:
| Investor Name | Shareholding (%) |
|---|---|
| Alanjali Investment Pvt. Ltd. | 28% |
| Barun Investment Pvt. Ltd. | 14% |
| Jaya Ganesh Investment Pvt. Ltd. | 13% |
| Shiva Shankar Investment Pvt. Ltd. | 12% |
| Bungal Hydro Investment Ltd. | 12% |
| Other Investors | 21% |
Final Note
The IPO of Bungal Hydro Limited is a significant opportunity for both local and general investors to participate in Nepal’s hydropower sector. With structured share allocation, credit ratings, and a growing energy project, this IPO has drawn attention from small and large investors alike.
