Solu Hydropower Limited is set to launch the second phase of its initial public offering (IPO) for the general public on Poush 29. The company plans to issue a total of 82 lakh ordinary shares in this phase.
Of the total shares, 5 lakh shares have been allocated for mutual funds, while 3 lakh shares are reserved for the company’s employees. Investors can apply for a minimum of 10 shares and a maximum of 1 lakh shares each.
Applications for the IPO can be submitted through SEBON-approved banks and financial institutions and their designated branch offices. Additionally, investors can also apply via the ‘Mero Share’ system, ensuring digital convenience.
The IPO will close no earlier than Magh 4 and no later than Magh 14. Nabil Investment Banking Limited has been appointed as the IPO issue and sales manager.
The company had received approval from the Securities Board of Nepal (SEBON) on Kartik 24 to issue 2 crore shares at a face value of Rs. 100 per share, totaling Rs. 2 billion. In the first phase, starting from Mangsir 7, the company issued 41 lakh shares to local residents in the project area and Nepali citizens working abroad. Following the completion of the first phase, Solu Hydropower is now offering the second phase of shares to the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
