Kathmandu. Bhujung Hydropower Company Limited (BHP) has issued its initial public offering (IPO).

Kumari Capital, the issue manager of the company, has been allotted the IPO this morning.

The company’s IPO has been allotted through lottery due to more applications than the demand. A total of 83,000 applicants have been allotted 10 units of shares.

The company had issued 8,30,000 units of shares at a price of Rs 100 per share to the general public from January 26 to 28.

A total of 2,579,920 applicants had applied for 2,84,41,680 units of shares in the IPO. A total of 2,539,892 applications have been approved and 40,028 applications have been rejected.

The results of the IPO can be found on the website of Bhujung Hydropower, Kumari Capital, Mero Share and CDSC website.