Yambaling Hydro Power Limited and Sanigad Hydro Limited have launched the first phase of their Initial Public Offerings (IPOs) today, Chaitra 8, 2082. The IPOs are targeted at project-affected local residents as well as Nepali citizens working abroad.
Yambaling Hydro Power Limited has allocated 700,000 shares for local residents of Sindhupalchok district. Eligible applicants include residents of Jugul Rural Municipality, wards 1 to 7. Applicants can apply for a minimum of 10 shares and a maximum of 7,000 shares. The application period for local residents extends from Chaitra 8 to Vaishakh 7, 2082. Additionally, 210,000 shares have been reserved for Nepalis working abroad, with each applicant able to request between 10 and 21,000 shares. The application deadline for migrant workers is Chaitra 11, 2082. The IPO is managed by Muktinath Capital.
Sanigad Hydro Limited has reserved 2,850,000 shares for local residents of Bajhang district. Of these, 1,852,500 shares are allocated to extremely affected residents of Bunglal Municipality, wards 1, 2, and 4, while 997,500 shares are reserved for residents of other wards. Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares, with the application period running from Chaitra 8 to Vaishakh 7, 2082. For Nepalis working abroad, 570,000 shares have been allocated, with an application range of 10 to 20,000 shares per applicant. The application deadline for migrant workers is Chaitra 11, 2082. Laxmi Sunrise Capital is managing the IPO.
Applicants must submit their applications through the respective IPO managers within the specified timelines. Both IPOs have set minimum and maximum share limits per applicant to ensure fair allocation among local residents and Nepali migrant workers.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
