Kathmandu. The Securities Board of Nepal has given permission to Darmkhola Hydro Energy Limited to issue an IPO. On Tuesday, the Board approved the publication of the statement for the IPO issue to Darmkhola Hydro Energy.
After the approval received pursuant to Sub-section (1) of Section 30 of the Securities Act, 2063, the company will pay Rs. The government has started the process of issuing 3.95 million units of ordinary shares of face value of Rs 100 each to the general public.
Laxmi Sunrise Capital Limited has taken over the responsibility of the sales manager of this IPO and will manage the entire work of IPO issue, application collection and allocation.
After getting approval from the Securities Board, the company will inform the public notice about the date of issue of shares, application process, firm distribution, allotment method and other details in the next few days as per the rules.
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