Bungal Hydro Limited has successfully completed the allotment of its Initial Public Offering (IPO) today at the office of its issue manager, Himalayan Capital Limited, located at IT Plaza, Kamaladi, Kathmandu.
IPO Overview
The company had floated 17,01,500 unit shares for the general public from 16th Bhadra to 19th Bhadra, 2082. This was part of its larger plan to raise capital through public issuance.
Share Allocation Breakdown
Bungal Hydro’s issued capital stood at Rs. 83 crore, of which 35% (29,05,000 shares) was allocated for public issuance. The distribution of these shares was as follows:
| Category | Units Allotted | Value (NPR) |
|---|---|---|
| Project-affected locals (Bajhang) | 8,30,000 | 8.30 crore |
| Nepali citizens working abroad | 2,07,500 | 2.07 crore |
| Employees of the company (3%) | 62,250 | 0.62 crore |
| Mutual funds (5%) | 1,03,750 | 1.03 crore |
| General public | 17,01,500 | 17.01 crore |
| Total Public Issue | 29,05,000 | 29.05 crore |
Subscription and Allotment Results
The IPO attracted strong investor participation, receiving 21,43,250 valid applications for a total demand of 2,33,49,790 units. However, 32,638 applications, amounting to 3,89,120 units, were disqualified.
Following the allotment process, 1,70,150 applicants were allotted 10 units each through a lottery system.
