The IPO, initially opened on Chaitra 8 B.S. with an application deadline of Chaitra 22 B.S., was extended due to low subscription. The company has issued a total of 2,850,000 shares for local residents. Of these, 1,852,500 shares are allocated for residents of the severely affected areas (Bajhang, Bungel Municipality Wards 1, 2, and 4), while 997,500 shares are available for residents of the affected areas (Bungel Municipality Wards 3 and 5–11). Each applicant can apply for a minimum of 10 shares and a maximum of 20,000 shares. If applications exceed the allocation, the IPO may close before the Baisakh 7 deadline.
Application forms are available and can be submitted at the company’s powerhouse office, Laxmi Sunrise Bank Chainpur branch, and the Bajhang branches of Global IME Bank, Rastriya Banijya Bank, and Agriculture Development Bank. Laxmi Sunrise Capital Limited is managing the IPO issuance and sale.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
