Balephi Hydro to issue IPO from 16th Chaitra

The IPO offering and sale for Balefi Hydropower Company Limited (BAHL) will begin on 16th Chaitra 2078. The company is set to undertake an initial public offering (IPO) for general public investors.

The company is planning to issue 18 lakh 27 thousand 970 ordinary shares, each with a face value of Rs 100. 4 percent (73,119 shares) of the total shares to be issued have been set aside for corporate personnel, and 5% (91,398 shares) have been set aside to mutual funds. The remaining 1,663,453 shares will be available to the general public.

At the earliest, the evictions will be halted on 30 Chaitra 2078, and at the latest, on 21 Chaitra 2078. All C-ASBA member banks and financial institutions, as well as their Nepal Securities Board-approved branch offices, can apply for the IPO. In addition, the application for the IPO can be applied from Mero Share web and app.  Investors must apply for a minimum of 10 lots and a maximum of 100,000 lots of shares.

The issue and sale manager of the company is Global IME Capital Limited. 

In the rating granted for the IPO issuance, ICRA Nepal has assigned the business an ICRA NP Issuer rating of double B. This suggests that the company’s ability to bear responsibilities is at a moderate danger.

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