As per its issue manager NIBL Ace Capital, out of the total shares, the company has allocated 33,600 units to employees and 42,000 to mutual fund. The remaining 764,400 units of shares will be issued.
The IPO will close early on May 17 and late on June 12. The interested investors can apply for minimum of 50 units of shares worth Rs 500 to maximum of 4,200 units of shares worth Rs 420,000.
The interested investors can apply for the shares from NIBL Ace Capital, Lazimpat, office of Rairang Hydro Development at Thapathali and all ASBA registered BFIs.
Earlier, the company issued 560,000 units of IPO to the locals of affected area of Panchthar and Taplegunj.
Presently, the company has issued capital of Rs 560 million where promoter shareholders have 75 percent ownership in the company.
