The company is issuing 25 percent shares of issued capital worth Rs 550 million. Accordingly, it will issue 1,375,000 units of shares worth Rs 137.5 million to the general public.
Out of the total approved units, the company is issuing 550,000 units worth Rs 55 million to the locals of affected area of ward no 8, Bigu Rural Municipality and ward no 1 and 2 of Kalinchowk Rural Municipality, Dolakha District.
Moreover, the company will also issue 10 percent of general public quota i.e. 82,500 units shares worth Rs 8,250,000 to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on March 11 and lately on March 27 for locals of affected area. For the foreign migrated workers, the issue will close early on March 1 and lately on March 11.
Care Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed RBB Merchant Banking as issue manager. The interested local investors can apply from the office of issue manager and Kalinchowk Hydropower, Bigu Rural Municipality 8 as well as Singati branch of Nepal Bank, Sindhu Bikas Bank and Nepal Investment Bank.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
