Upcoming IPO: Buddha Bhumi Nepal Hydropower Company Limited

Buddha Bhumi Nepal Hydropower Company Limited

Buddha Bhumi Nepal Hydropower Company Limited is issuing an IPO. The IPO will be open for the public from 27^th September to 30^th September 2021. The company is going to issue 8 Lakhs units of primary shares worth rupees 8 Crores. The issue will be managed by Civil Capital Market Limited.

Here are the IPO details of Buddha Bhumi Nepal Hydropower Company Limited

Company Name	Buddha Bhumi Nepal Hydropower Company Limited
Sector	Hydropower
Total Units	8,00,000
Total Issue Amount	NRs. 8,00,00,000 (8 Crore)
Start Date	Asoj 11  /  September 27
End Date	Asoj 14  /  September 30
Care Rating	[CRANP-IR]BB-
Issue Manager	Civil Capital Market Limited

 The companyhad previously issued 4 Lakhs units of primary shares to the locals affected bythe project in Nuwakot district. The result can be checked here.

With more than 30 Lakhs Demat account holders in Nepal, even if half of them applied for 10 units each, the rough estimation leaves the allotment probability of Buddha Bhumi Nepal Hydropower Company Limited IPO to about 5 percent.

Company Information: Buddha Bhumi Nepal Hydropower Company Limited

Buddhabhumi Nepal Hydropower Company is established to develop hydropower projects managed by well experienced professionals, local and successful businessmen from various disciplines such as Management, Engineering and 

Public Affairs; who committed to bring excellence in the world of corporate 

governance in the country.

Beyond our self-governing activities, Buddhabhumi Nepal 

Hydro Power Company has owned 4.993 MW Hydro Power Project License for 

Lower Tadi Khola Hydro Power Project, located in Nuwakot District of ​central 

Nepal. The headworks area lies about 150 M downstream from the confluence of the Tadi Khola & Chake Khola. The Powerhouse is proposed to be built on the left bank of the alluvium deposit. It is located about 300 M upstream of the headworks of the Aadishakti Hydro Power Plant (5 MW). Alongside our mission of developing the hydropower field in Nepal, we also seek to promote and enable infrastructural 

 

development in the communities we work in as well as preserve and protect our environment. The current project is about to complete sooner. The Project is at the final stage of development with the work completion measurement of around 

90%. The development of the project is very well scheduled and targeting to complete by the end of March 2021 or earlier. 

We believe that our hopes of sustaining Nepal with eco-friendly renewable energy, while generating benefits for the community and our stakeholders, are not only rational but also practicable. That is what drives, Buddhabhumi Nepal 

Hydropower Company Limited.Our aspiration to provide Nepal with renewable hydroelectric energy for a cleaner and brighter tomorrow.

Besides, we feel very much delighted for where we are now and the long journey we have traveled from the time when we began. Last but not least, we are very 

much thanks to all the people who led us here from far away.