Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Bhujung Hydropower Company.

Locals of the project-affected areas can apply for the IPO till today. If the application has not been received as per the demand by today, the application can be done till January 2.

In the first phase, the company had issued shares to the locals of the project-affected area from December 17.

The company was allowed to issue 20 percent of the issued capital of Rs 1 billion i.e. 2 million units of shares worth Rs 200 million. The company has issued 10 lakh units of shares worth Rs 100 million each to the locals of the project-affected areas.

Similarly, 60 percent or 600,000 units of shares have been allocated to the locals of Kwolasothar Rural Municipality-4 of Lamjung district. The remaining 40 percent of the indirect affected areas have been allocated for the locals of ward 1, 2, 3, 5, 6, 7, 8 and 9.

The interested bidders can bid for the IPO from Kwolasothar Rural Municipality-4, Kumari Bank, Sanima Bank, Prabhu Bank, Machhapuchchhre Bank’s Besishahar branch office and Bhujung Hydropower Limited, Kathmandu registered office of Samakhusi, Kathmandu.