Kathmandu. Bhujung Hydropower Company Limited is going to issue Initial Public Offering (IPO) to the general public. The company is going to issue its shares to the general public from January 22.

The company has been allowed to issue 20 percent of the issued capital i.e. 20 million units of shares worth Rs 200 million. Earlier, the company had issued 1 million units of shares to the locals of the project-affected areas and 1 lakh units to the Nepalese who have gone abroad with labour permit.

The company has set aside 20,000 units for employees and 50,000 units for mutual funds. The company is issuing 8,30,000 units of shares at a price of Rs 100 per share to the general public.

Applications can be place for minimum 10 units and maximum 50,000 units. The last date to apply for the IPO is January 15. If the application is not received as per the demand within this period, the application can be submitted till February 26.

Kumari Capital has been appointed as the issue manager for the IPO issuance. The interested investors can apply for the shares from the banks and financial institutions approved by the Securities Board of Nepal (SEBON) and Mero Shares.