The company is issuing 10 percent shares to the locals of affected area of Myagdi with a condition that the shares could not be traded for three years.
The interested applicants can apply for a minimum 50 units and maximum of 2,750 units of shares.
The company has appointed Vibor Capital as its issue manager. The applicants can apply for the shares from Global IME Bank, Prabhu Bank, Garima Bikas Bank and Machhapuchchhre Bank at Myagdi, Beni.
ICRA Nepal has assigned Grade 4 rating to the IPO issuance indicating below average fundamentals.
The company will issue 1.1 million units of shares to the general public in the second phase.
Ghalemdi Hydro Limited is developing 5MW Ghalendi Khola Hydropower Project in Narchayan-1, Myagdi.
