Kalanga Hydro Limited had issued its IPO on Chaitra 10, 2083 B.S., specifically targeting local residents in project-affected areas and Nepalis working abroad. Local residents can submit applications within banking hours today, while Nepalis working overseas were allowed to apply until Chaitra 15.
The company has allocated 14 lakh ordinary shares at Rs 100 per share, totaling Rs 14 crore, for local residents. Of these, 9 lakh 10 thousand shares are reserved for permanent residents of highly affected areas, including Bajhang’s Kedarasyun Rural Municipality Wards 4 & 5, Bitthadchir Rural Municipality Wards 6 & 8, Bungel Municipality Wards 3, 4, 5, 6 & 8, Baitadi’s Dilasaini Rural Municipality Wards 1 & 2, and Darchula’s Shailyashikhar Municipality Ward 1. The remaining 4 lakh 90 thousand shares are designated for other local residents in the above districts not residing in the highly affected areas.
Applicants can request a minimum of 10 shares and a maximum of 20,000 shares. Applications can be submitted through the issue manager as well as select bank branches, including the project site office, Nepal Investment Mega Bank Kedarasyun-1 Branch, Global IME Bank branches in Jayprithvi Municipality, Gokuleshwar, and Shailyashivor-9, Kumari Bank branches in Chhavispathibhara Rural Municipality and Dilasini Rural Municipality, and Agricultural Development Bank Bungel Municipality-4 Branch.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
