Kalanga Hydro Limited commenced the Initial Public Offering (IPO) on Chaitra 10, 2082 B.S., allocating shares for project-affected locals and Nepalis employed overseas. A total of 14 lakh shares at a face value of NPR 100 per share have been reserved for local residents of the affected areas. Of these, 9.1 lakh shares are allocated to residents of the affected wards in Bajhang, Baitadi, and Darchula, while the remaining 4.9 lakh shares are set aside for other locals in the relevant municipalities and rural municipalities.
Additionally, 3.5 lakh shares are reserved for Nepalese working abroad. Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. Project-affected locals can submit their applications until Chaitra 24, and if the full allocation is not subscribed, the period will extend until Vaishakh 9, 2083 B.S. Overseas Nepalese can apply from Chaitra 15 to Chaitra 24.
The IPO issue and sales manager is Sanima Capital Limited. Local residents can submit applications through the company’s office, the issue manager, or participating bank branches. Nepalese abroad can apply via C-ASBA member banks and financial institutions approved by the Nepal Securities Board and through the MeroShare system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
