The issue was assigned 'ICRA NP IPO Grade 5' by ICRA Nepal indicating below average fundamentals.
The company appointed Siddhartha Capital as its issue manager. The issue manager informed of allotting 129,390 out of 371,400 units on July 12. The remaining 242,010 units of shares will be now issued to the general investors in the second phase.
The company that is developing 3MW hydropower project in Puwa Khola of Illam is issuing IPO worth Rs 37.1 million to the locals of the affected area.
