Kathmandu. Today is the last day for Nepalis in foreign employment to apply for the ipo issued by Bungal Hydro Company. Applications can be made only till office hours today.

The company has been issuing an IPO for Nepalis in foreign employment since July 15. Applications can be made for the shares till office hours today.

Similarly, the deadline for applying for the project-affected locals has been extended. The project-affected locals can apply till August 31. The company is issuing 2.9 million units of shares worth Rs 290 million at the rate of Rs 100 per share. Of this, 830,824 units of shares worth Rs 83 million have been issued for the project-affected locals.

Out of the shares issued for the locals of the project-affected areas, 65 per cent has been issued for the residents of Bajhang district, Bungal municipality-6 (former Pipalkot), VDC-4, 5 and 70 and ward-7 (former Kafalseri VDC ward-10).

The remaining 35 per cent has been evacuated for the residents of bajhang district, Bungal municipality 1, 2, 3, 4, 5, 8, 910 and 11. Similarly, 207,500 units of ordinary shares worth Rs 20.75 million have been issued for Nepalis who have gone abroad after obtaining labour approval. Applications can be made for a minimum of 10,000 to a maximum of 20,000 units.

Local residents can apply from Nepal Investment Mega Bank, Kedarsu-1, Agriculture Development Bank, Bungal Municipality, Global IME Bank, Jaya Prithvi Municipality and the project site. Its sales manager is Himalayan Capital.

Nepalis in foreign employment can apply from the Securities Board of Nepal through banks and financial institutions that are members of the Securities Board of Nepal and my shares.