Super Khudi Hydropower Limited has allocated the Initial Public Offering (IPO) issued for Nepalis working abroad. In the first phase, the company offered 155,000 shares to Nepalis working overseas from Poush 22 to 25. A total of 15,500 eligible applicants who applied within the specified period were allocated shares on Magh 4.
The company reported that applications from overseas Nepalis exceeded demand by 6.71 times. In total, 71,720 applicants applied to purchase 1,039,760 shares.
In addition, the company has issued 1,550,000 shares for locals in Lamjung district, where the project is located. Applications for the local IPO will be accepted until Magh 6. Among the local allocation, 620,000 shares are reserved for residents of Marsyangdi Rural Municipality, Wards 2 and 3, while the remaining 930,000 shares are for residents of Wards 1, 4, 5, 6, 7, 8, and 9 of Marsyangdi Rural Municipality.
Local applicants can apply for a minimum of 10 shares and a maximum of 100,000 shares. Global IME Capital Limited has been appointed as the IPO issuing and sales manager. Overall, Super Khudi Hydropower has received approval to issue a total of 3.1 million shares, equivalent to NPR 31 crore, to the public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
