IPO Issue Details of Buddha Bhumi Nepal hydropower limited

Buddha Bhumi Nepal Hydropower limited is issuing IPO shares to the general public. This company will issue 8 lakh unit shares to the general public whereas 40 thousand units shares are allocated to the mutual fund and the company allocate 16 thousand unit shares to the employees of the company. The general public will apply for 7 lakh and 44 thousand units shares. The IPO opening date of IPO is 11th Ashoj 2078 and the early closing date of IPO applicaiton is 14 ashoj 2078. The investors can apply from 10 units to 50000 units at par value Rs: 100.

About Company

Buddha Bhumi Nepal Hydropower company limited was established on 2007 AD as a private company. This company turned as the public limited company on 2017 AD. This company has owned the license of 4.993 Megawatt hydropower project for Lower tadi khola hydropower project located at Nuwakot District. The target date of completion of this project was March 2021. In 2020 AD the completion of work was 90%.

Click Here for Sahas Urja IPO issue Details

How to Apply on this Initial Public Offering (IPO)

Nowadays applying IPO become the very easy task. If you want to apply IPO through bank which has your bank account. You need to have the Demat account and Bank account for that task. You have to fill the IPO application form to apply the opened IPO. If you want to apply through online then you need to have the meroshare account. With the help of mero share account, you can easily apply the IPO. If you want to know that how to create the meroshare account you can click here to view the video

Conclusion and How much units should we apply for this IPO.

We have already mention that only 7 lakh 44 thousand units are available for the application for the general public so only 74 thousand 4 thousand applicant will get 10 units each according to the rule of securities Board of Nepal. Meanwhile We know that there will be maximum application in the response of share issue so we, ipokhabar.com like to suggest to apply only 10 units.

What is ASBA ?

We have heard many times about this word at the share news and at the time of IPO application. ASBA means Application support by blocked amount. If you want to apply the IPO or right share in this time. You have to give the application to block the wished amount which is need for the application. If you got the IPO at the time of allotment, the amount of share allotment will be deducted from you account and if the share is not allocated the amount will be return bank to your account. The ASBA charge are different according to the banks. Some bank gives ASBA service free of cost and some bank take charge.

The name of bank giving ASBA service in free cost are as follows.

• NIC ASIA BANK LIMITED
• Global IME Bank Limited
• Nabil Bank Limited
• Mega Bank Limited
• Sanima Bank Limited
• Siddhartha Bank Limited