Bhugol Energy Development is a Hydropower company in Nepal. Its headquarter is located in Dailekh, 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 2079-10-16. The IPO was opened on 2023-04-06 at 10:00 AM and will close on 2023-04-10 at 5:00 PM
Bhugol Energy Development IPO Result Date
The IPO result Date of Bhugol Energy Development will be announced probably within the 3rd to 4th week of March, i.e. after the end of the issue closed date i.e. after 2023-04-10 at 5:00 PM. The company has issued 1346993 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 30000. 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 2023-04-06 at 10:00 AM – 2023-04-10 at 5:00 PM. period.
| Name of Company | Bhugol Energy Development |
| Sector | Hydropower |
| Available | For General Public |
| From | 1 |
| To | 5,440,534 |
| No. of Share Registered | 5,440,534 |
| Rate | 100 |
| Amount of Share Registered | 544,053,400 |
| Public Issue Size | 1,632,160 |
| Public Issue Amount | 163,216,000 |
| % of Issued Capital | 30.00% |
| Promoter Share Registered Amount | 380,837,400 |
| % of Issued Capital | 70.00% |
| Issue Manager | NIC Asia Capital Ltd |
| Date of Approval | 2079-10-16 |
| Issue Open Date | 2023-04-06 at 10:00 AM |
| Issue Close Date | 2023-04-10 at 5:00 PM |
| No. Of Share Issued | 1346993 |
| Established | 2009 AD |
| Headquarters | Dailekh, Nepal |
| Minimum Quantity | 10 |
| Maximum Quantity | 30000 |
How to Check the Result of Bhugol Energy Development IPO Result Date?
The Bhugol Energy Development result can be checked online on the CDS and Clearing Limited website or NIC Asia Capital Ltd. The applicants can also check the result by logging into Mero Share.
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Conclusion
The Bhugol Energy Development IPO Result will be announced within the 3rd to 4th week of March 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.