Butwal Power Company closing 40.81 lakh unit FPO shares at Rs 501 per unit today; LTP at Rs 534

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    Butwal Power Company Limited (BPCL) is closing 40,81,000 units shares worth Rs  2.04 arba as part of its Further Public Offering (FPO) today (Falgun 15, 2074). The FPO is being issued at Rs 501 per unit (Rs 401 premium added to the par value of Rs 100).

    The FPO application was open from Magh 15, 2074.

    Interested people must apply for a minimum of 10 units of shares and they can apply for up to 20,400 units shares.

    NMB Capital Limited is the issue manager for the FPO and Laxmi Capital is the co-issue manager.

    Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

    After the FPO, its paid up capital will reach Rs 2.21 arba and its reserve will grow by Rs 1.50 arba.

    BPCL aims to use the amount collected from the FPO to develop 37.6 MW Kabeli-A Hydropower Project and 30 MW Ngadi Hydropower project. BPCL has 54% stake in Kabeli Energy Limited and 97% stake in Ngadi Hydropower Project.

    It had earned net profit of Rs 59.92 crore in the second quarter of the FY 2074/75.

    Its LTP stood at Rs 534 as of last trading day.

     

    Source : ShareSansar