Bhugol Energy Development Company has announced an initial public offering (IPO) for the general public starting from Chaitra 23. The company has issued 10,88,10,700 shares worth NPR 10,88,107 in the IPO. Out of the total shares issued, 10% (10,08,811 shares) have been reserved for Nepali citizens employed abroad. Similarly, 5% (71,916 shares) have been set aside for collective investment schemes. The remaining 1,346,99300 shares are available for the general public to apply for until Chaitra 27. If all the shares are not sold by then, the deadline will be extended until Baishakh 7, 2080 BS. Investors can apply for a minimum of 10 shares and a maximum of 30,000 shares. The shares can be purchased through C-ASBA banks, financial institutions, and my share market. Asia Capital Limited is the sales manager for this IPO.
Published by NIC Asia Capital on 2079-12-23