Suryakunda Hydro Electric started issuing IPO to locals of affected area from December 24.
The company is issuing 20 percent ordinary share of its issued capital worth Rs 689.6 million. Accordingly, it will issue 1,379,350 units of ordinary shares worth Rs 137.9 million.
Out of total approved units, the company is issuing 10 percent of issued capital i.e. 689,675 units of shares worth Rs 68.9 million to the locals of affected area of all wards of Dupcheswor Rural Municipality, Nuwakot District.
The interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares.
Care Ratings Nepal has assigned BB- rating to the issues indicating moderate risks.
The company has appointed Kumari Capital as issue manager. The locals can apply from Samundratar Branch of Jyoti Bikas Bank, Khairenitar Branch of Agriculture Development Bank and Rastriya Banijya Bank, Registered Office at Tradetower, Thapathali and Project Site at Dupcheswor Rural Municipality by paying Rs 2 per form.
