Barun Investment Limited to Issue IPO Shares to General Public
Barun Investment plans to issue IPO to the general public. For this purpose, the investment company has submitted an application to SEBON requesting for its approval to issue its first initial public offering.
Barun Investment has proposed to issue 2,475,000 unit IPO shares at premium to general public. With this initial public offering, the company will raise Rs. 24.75 crores which will be used for the completion of its ongoing projects.
If approved by SEBON, the company will sell shares to general public in two phases. Initially Barun Investment will sell IPO shares to Nepalese Working Abroad and afterwards to general public.
Highlights of Barun Investment IPO
- Barun Investment to issue 2,475,000 unit IPO shares.
- Global IME Capital has been appointed as the issue manager for the issuance of its initial public offering.
- The company has already approved its agenda to issue IPO at premium price from its annual general meeting.
- Its proposal to issue IPO has been added in pipeline by SEBON for preliminary review.
About Barun Investment Limited
Barun Investment is a prominent player in the renewable energy sector, specializing in hydro power projects in Nepal. Its a sister company to SG Group and has successfully invested in four hydro power ventures with a strong commitment to sustainable energy solutions.
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