Beni Hydropower Project Limited has opened its IPO for affected local residents and Nepalis working abroad with valid labor permits. The IPO is being offered at NPR 100 per share, allowing these groups to invest in the company.
For local residents in Solukhumbu district, the company has allocated a total of 10,40,000 shares. Of these, 5,20,000 shares are reserved for residents of Solududhkunda Municipality Wards 2, 3, and 4, which are highly affected by the project. 3,12,000 shares are allocated for residents of Wards 5, 6, 7, and 11, representing moderately affected areas. The remaining 2,08,000 shares are available for residents in less affected areas of the district. Locals can apply for a minimum of 10 shares and a maximum of 10,000 shares. The initial application period runs until Chaitra 15, and if sufficient applications are not received, it may be extended to Chaitra 30. Applications can be submitted at NMB Bank’s Salleri Branch, Laxmi Sunrise Bank’s Salleri Branch, Global IME Bank’s Solukhumbu Branch, and Prime Commercial Bank’s Necha Salyan Branch.
For Nepalis working abroad with labor permits, 1,04,000 shares have been reserved at NPR 100 per share. Applicants in this category can also apply for a minimum of 10 shares and a maximum of 10,000 shares. The deadline for applications from overseas workers is Chaitra 5.
The IPO is being managed by NMB Capital, which will oversee the sale and allocation process for both local and overseas investors.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
