Searching for the Bhagawati Hydropower Development IPO Result Date and the final announcement date? As the IPO process is nearing its end, the company has set a date for the IPO result announcement.
Bhagawati Hydropower Development is a Hydropower company in Nepal. Its headquarter is located in Tinkune, Kathmandu, Nepal. The company has been approved by SEBON and will be listed on Nepal Stock Exchange (NEPSE) soon.
The initial public offering (IPO) was approved on 2080-03-06. The IPO was opened on 2023-08-22 at 10:00 AM and will close on 2023-08-25 at 5:00 PM.
Bhagawati Hydropower Development IPO Result Date
The IPO result Date of Bhagawati Hydropower Development will be announced probably within the 1st or 2nd week of September, i.e. after the end of the issue closed date i.e. after 2023-08-25 at 5:00 PM. The company has issued 712220 units of shares for the general public.
The minimum share that the general public can fill up was a minimum of 10 units and the maximum was 5000. The rate of one share is 100.
The allotment of shares will be done via a lottery system/lucky draw. The shares will be allotted to the applicants who have applied for the IPO within the 2023-08-22 at 10:00 AM – 2023-08-25 at 5:00 PM. period.
| Name of Company | Bhagawati Hydropower Development |
| Sector | Hydropower |
| Available | For General Public |
| From | 1 |
| To | 5,720,647 |
| No. of Share Registered | 5,720,647 |
| Rate | 100 |
| Amount of Shares Registered | 572,064,700 |
| Public Issue Size | 1,430,162 |
| Public Issue Amount | 165,898,792 |
| % of Issued Capital | 25.00% |
| Promoter Share Registered Amount | 429,048,500 |
| % of Issued Capital | 75.00% |
| Issue Manager | Siddhartha Capital Ltd |
| Date of Approval | 2080-03-06 |
| Issue Open Date | 2023-08-22 at 10:00 AM |
| Issue Close Date | 2023-08-25 at 5:00 PM |
| No. Of Share Issued | 712220 |
| Established | 2057 B.S. |
| Headquarters | Tinkune, Kathmandu |
| Minimum Quantity | 10 |
| Maximum Quantity | 5000 |
How to Check the Result of Bhagawati Hydropower Development?
The Bhagawati Hydropower Development result can be checked online on the CDS and Clearing Limited website or Siddhartha Capital Ltd. The applicants can also check the result by logging into Mero Share.
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Conclusion
The Bhagawati Hydropower Development IPO Result will be announced within the 1st or 2nd week of September 2023, i.e. after the closing date. The allotment of shares will be done eventually and the banks will make the refund if it is not allotted.