Daramkhola Hydropower to issue 24.23 lakh shares to the general public starting Shrawan 15, 2082.
Daramkhola Hydropower Energy Limited is set to launch its Initial Public Offering (IPO) for the general public from Shrawan 15, 2082. The company has received approval from the Securities Board of Nepal (SEBON) to issue 39,50,000 ordinary shares at a face value of Rs. 100 per share. This represents 38.33 percent of the company’s issued capital.
Prior to this public issuance, the company had already completed the allotment of shares in two separate phases. A total of 10,30,500 shares were allocated to project-affected local residents, while 2,91,150 shares were issued to Nepali citizens employed abroad.
Out of the remaining 29,19,500 shares now being offered, 58,390 shares have been reserved for company employees and 1,45,975 shares have been set aside for mutual funds. The remaining 24,23,185 shares will be issued to the general public.
Interested investors can apply for a minimum of 10 shares and up to a maximum of 50,000 shares. The application period will be open from Shrawan 15 to Shrawan 19, 2082. If the issue is not fully subscribed within this period, the deadline will be extended to Shrawan 29, 2082.
Laxmi Sunrise Capital Limited has been appointed as the issue manager for this IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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