सिंहदरबार संवाददाता
Kathmandu. Pure Energy Limited is going to issue the first phase of IPO from Falgun 20. The company is going to open the IPO sale for local and foreign Nepalis affected by the project.
The company had received permission from the Nepal Securities Board to issue a total of 1.6 million IPO units at a face value of Rs 100 per unit. Out of which, 160,000 units will be issued for project-affected people, i.e. residents of Banke district, and 144,000 units will be issued for Nepalis working abroad after obtaining labor permits from the Government of Nepal.
In this, project-affected people will be able to apply for a minimum of 10 units and a maximum of 16,000 units. Meanwhile, Nepalis employed abroad can also apply for a minimum of 10 units and a maximum of 7,200 units.
Applications for those affected by the project and those employed abroad can be submitted from Falgun 20 to Chaitra 5. If applications are not received for all the units issued for those affected by the project, the application period will be extended until Chaitra 20, while applications for those employed abroad will not be extended.
Nabil Investment Banking Limited will act as the company’s securities issuance and sales manager. The company has stated that after the first phase of IPO is allotted, the sale will be opened to the general public in the second phase. Pure Energy becomes the first solar energy company to issue an IPO.
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