Solu Hydropower Limited will open its IPO from Mangsir 7 for project-affected locals and Nepali migrant workers, offering up to 2 crore shares worth NPR 2 Arba.
Solu Hydropower Limited is set to issue its Initial Public Offering (IPO) for project-affected local residents and Nepali migrant workers abroad starting Mangsir 7. The company has received approval to issue 2 crore shares valued at NPR 2 Arba, representing 20% of its NPR 10 Arba issued capital. Out of this, 1 crore shares worth NPR 1 Arba have been reserved exclusively for locals.
Among the allocated shares for locals, 40 lakh shares are designated for residents of Solu Dudhkunda Wards 7 and 11, and Thulung Dudhkoshi Ward 1, classified as highly affected areas. The remaining 60 lakh shares are allotted for residents of other wards within the project-affected region.
Additionally, 10 lakh shares (10%) have been reserved for Nepali citizens currently working abroad. Applicants may apply for a minimum of 10 shares and up to a maximum of 1 lakh shares.
The application window for locals will close as early as Mangsir 21 and no later than Poush 7. For the migrant worker category, applications will close as early as Mangsir 10 and no later than Mangsir 21.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
