Yambaling Hydropower started issuing the IPO from March 22.
The company is issuing 40 percent shares of issued capital worth Rs 700 million. Accordingly, it will issue 2.8 million units of shares worth Rs 280 million to the general public.
Out of the total approved units, the company will also issue 10 percent of general public quota i.e. 210,000 units shares worth Rs 21 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum 21,000 units of shares.
Care Rating Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed Muktinath Capital as issue manager. The interested foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
