Kathmandu. Pure Energy Limited has issued an IPO from today. The company has issued an IPO from today for the residents of the project-affected areas and Nepalis employed abroad in the first phase.
The company had received permission from the Securities and Exchange Board of Nepal to issue a total of 1.6 million IPO units at a price of Rs 100 per unit. Out of which, 160,000 units have been issued for project-affected people, i.e. residents of Banke district, and 144,000 units have been issued for Nepalis working abroad after obtaining a work permit from the Government of Nepal.
When applying for the IPO, project-affected people can apply for a minimum of 10 units and a maximum of 16,000 units and those in foreign employment can apply for up to 7,200 units.
Applications for this IPO can be made until Chaitra 5th. However, if there are not enough applications from the project affected, it will be extended until Chaitra 20, while the period will not be extended for Nepalis employed abroad.
Nabil Investment Banking Limited is the securities issuance and sale manager of the company. After the first phase of IPO allotment, the second phase will be issued to the general public.
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