Yambaling Hydropower Limited is set to issue its IPO starting Chaitra 8, targeting project-affected locals and Nepalis working abroad in the first phase.
The company will issue 7 lakh shares for residents of Wards 1 to 7 of Jugal Rural Municipality, Sindhupalchok district, the project-affected area. Applicants can apply for a minimum of 10 shares and a maximum of 7,000 shares. The application window will close as early as Chaitra 22, and if subscription targets are not met, it may extend up to Baishakh 7.
Additionally, 2,10,000 shares have been allocated for Nepalis working abroad with labor permits. These applicants can apply for 10 to 21,000 shares, with the final application date set for Chaitra 11.
The Securities Board of Nepal (SEBON) granted permission for the IPO on Falgun 17. Under this issuance, the company will offer a total of 28 lakh shares worth Rs. 28 crore, with Muktinath Capital Limited appointed as the issue manager.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
