Butwal Power Company to Issue FPO From Magh 15, 2074

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

The FPO applications will close on Magh 19, 2074. The maximum closing date for the offer is Falgun 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.

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 7.22 crore in the first quarter of the FY 2074/75.

Its LTP stood at Rs 665 as of last trading day.

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