Kathmandu. Bikash Hydropower Limited is going to open the IPO issue and sale from today (June 15). After the ipo issued by the company for the local residents of the project-affected areas and Nepalis in foreign employment, it is now going to issue the IPO for the general public.
The company had received permission to issue 4,454,596 units of shares worth Rs 445.459 million or 49 percent of the issued capital of Rs 909.1million.
Of these, the company has issued 909,101 units of ordinary shares to the local residents of the project-affected areas and 354,550 units of ordinary shares to nepalis employed abroad after obtaining labour clearance from the concerned authorities of the Government of Nepal.
In the second phase, the company has reserved 70,910 units of ordinary shares for employees and 177,275 units for mutual funds and the remaining 2,942,760 units for the general public.
Applications can be made for a minimum of 10 units and a maximum of 10,000 units. According to the company, the issue will be closed at the earliest on July 15 and the issue will be held on July 15.
Prabhu Capital Limited is the issue manager of the company.
प्रतिक्रिया दिनुहोस्