The company is issuing 35.26 percent shares of issued capital worth Rs 1.20 billion. Accordingly, it will issue 42,230,668 units of shares worth Rs 423 million to the general public.
Out of the total approved units, the company is issuing 10 percent i.e. 1.2 million units worth Rs 120 million to the locals of affected area of Bhojpur District.
Similarly, the company will also issue 10 percent of general public quota i.e. 303,067 units shares worth Rs 30.3 million to foreign migrated workers.
Moreover, the company has secure3d 151,533 units shares worth Rs 15.1 million for mutual funds and 60,613 units worth Rs 6.06 million for employees.
Interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares. The issue will close early on March 25 and lately on April 9 for locals of affected area. For the foreign migrated workers, the issue will close early on March 15 and lately on March 25.
Care Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed Prabu Capital as issue manager. The interested local investors can apply from the office of issue manager, Taksar Pikhuwa Khola Hydropower Site Office-Bhojpur, Prabhu Bank (Bhojpur, Pyauli, Hatuwagadhi) branches and Bhojpur branch of Citizens Bank International.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
