Bhujung Hydropower has opened its Initial Public Offering (IPO) from Thursday, targeting local residents and Nepalis working abroad. The company is issuing 2 million shares worth Rs 200 million, accounting for 20 percent of its Rs 1 billion issued capital. Of the total shares, 1 million units have been reserved for residents of Lamjung district. Applicants can invest in a minimum of 10,000 and a maximum of 50,000 units. The 7.5-megawatt Upper Midim Hydropower project carries a cost of Rs 249 million per megawatt and has received a B Plus rating from ICRA Nepal.
