The company is offering 24.23 lakh shares to the public after allotments to locals and migrant workers.
Daramkhola Hydro Energy Limited has opened its Initial Public Offering (IPO) to the general public starting today, Shrawan 15. The company is issuing 38.33% of its issued capital, amounting to 39,50,000 ordinary shares at a par value of Rs. 100 per share, following approval from the Securities Board of Nepal (SEBON).
In the earlier phases, the company already allocated 10,30,500 shares to individuals affected by the project and 2,91,150 shares to Nepali citizens working abroad. Out of the remaining 29,19,500 shares now open for public issuance, 58,390 shares have been reserved for employees and 1,45,975 shares for mutual funds.
As a result, 24,23,185 shares are being offered 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 deadline is Shrawan 19, with a possible extension to Shrawan 29 if the issue is not fully subscribed.
Laxmi Sunrise Capital is the issue manager for this IPO.
This article was originally published on https://bajarkochirfar.com. Translated and edited with the help of AI and reviewed by our editorial team.
