Daramkhola Hydro Energy is opening its IPO to the general public from Shrawan 15, offering 24.23 lakh shares after prior allotments.
Daramkhola Hydro Energy Limited is set to open its initial public offering (IPO) to the general public starting Shrawan 15. The company has received approval from the Securities Board of Nepal (SEBON) to issue a total of 39,50,000 ordinary shares at a par value of Rs. 100 per share, which represents 38.33% of its issued capital.
In earlier phases, the company had already allocated 10,30,500 shares to project-affected locals and 2,91,150 shares to Nepalis working abroad. Of the remaining 29,19,500 shares intended for public issuance, 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.
Investors may apply for a minimum of 10 shares and up to a maximum of 50,000 shares. The application deadline is Shrawan 19, and if the issue is not fully subscribed, the deadline may be extended until Shrawan 29. The IPO is being managed by Laxmi Sunrise Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
