According to the IPO issue manager Muktinath Capital, the original deadline was set for Chaitra 22 B.S. However, due to lower-than-expected applications, the company has extended the deadline. Muktinath Capital also noted that if applications exceed the allocation before the deadline, the IPO may close earlier upon announcement.
The IPO was first opened on Chaitra 8 B.S. for project-affected residents and Nepali citizens working abroad. Applications for overseas Nepalis were accepted only until Chaitra 11 B.S.
The company, with a total issued capital of NPR 70 crore, has received approval to issue 28 lakh shares (40% of the capital) through this IPO. In the first phase, 7 lakh shares were reserved for project-affected residents, with a face value of NPR 100 per share.
Eligible applicants include residents of Wards 1 to 7 of Jugal Rural Municipality in Sindhupalchok District. Applications can be submitted through Sindhu Development Bank, Kumari Bank’s Jugal branch, or Sindhu Development Bank’s Chautara branch.
Each local applicant can apply for a minimum of 10 shares and a maximum of 7,000 shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
