Kalinchok Hydropower Limited is set to open the first phase of its initial public offering (IPO) on Falgun 13. In this phase, the company will issue shares specifically for project-affected local residents and Nepalese working abroad.
For project-affected locals, the company will offer 550,000 shares to residents of Bigu Rural Municipality Ward No. 8 and Kalinchok Rural Municipality Wards 2 and 3 in Dolakha. Eligible applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares. The application window will initially remain open until Falgun 27, with a provision to accept late applications until Chaitra 12 if there is insufficient demand.
For Nepalese working abroad, 82,005 shares will be offered, with a minimum application of 10 shares and a maximum of 4,000 shares. Applications for this group will remain open until Falgun 17. Following the completion of the first phase, the company plans to offer the remaining shares to the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
