The company issued 10 percent of shares to the locals of project affected area. The interested investors can apply for a minimum of 50 to a maximum of 1,000 units of shares.
The investors can apply from Shuvam Power's office at Chainpur-Sankhuwasabha, NMB Microfinance at Tumlingtar and Mamling, Prime Bank at Khadbari and Tumlingtar, Everest Bank and Century Bank at Khadbari.
The company appointed CBIL Capital as its issue manager.
After the IPO for locals of the affected area, the company will issue IPO worth Rs 40 million to the general investors.
After the two-phase IPO issuance, the paid-up capital of the company will reach Rs 200 million where promoter and general investors will have share ownership of 70:30.
