Out of the total shares, the company has allocated 750,000 units to Panchthar, Phidim Municipality and Hilihang Rural Municipality and the remaining 500,000 units to locals of other districts of Panchthar.
The interested investors can apply for a minimum of 50 and maximum of 6,000 units of shares.
The investors can apply from Century Commercial Bank at Phidim-Panchthar, Prabhu Bank at Phidim-Panchthar, Goodwill Finance at Phidim-Pachthar, Saptakoshi Development Bank at Phidim-Panchthar, Civil Bank at Phidim-Panchthar and project office of Mountain Hydro Nepal at Phidim-Panchthar.
Presently, the company has a paid-up capital of Rs 1 billion that will reach Rs 1.12 billion after IPO.
The company obtained approval from SEBON for the issue on June 15 and from Company Registrar Office on June 21.
Siddhartha Capital has been appointed as an issue manager by the company.
In the first phase, the company will issue IPO to locals of the affected area of Panchthar. In the second phase, the company will issue IPO worth Rs 250 million to the general public.
Mountain Hydro Limited is developing 21.6 MW Lower Hewa Khola Hydropower Project in Phidim VDC, Panchthar.
ICRA Nepal has granted Grade 4 rating to the issue indicating below average fundamentals.
