The hydropower company is issuing 750,000 units of shares to local of the affected area of Lamjung district Mid-Nepal Municipality ward no 8,9 and 10, Besisahar Municipality ward no 5, Sundar Bazar Municipality ward no 11 and Kaski District, Rupa Rural Municipality-1 as well as permanent residents of project affected Lamjung district.
The company has appointed Laxmi Capital as its issue manager. The interested locals of the affected area can apply for a minimum of 50 and a maximum of 3,000 units of shares at a price of Rs 100 per shares. the interested investors can apply from the locals shown below.
After the first phase IPO, the company will issue IPO worth Rs 291.255 million to the general investors in the second phase.
ICRA Nepal has assigned 'ICRA NP IPO GRADE 5' to the issue that indicates poor fundamentals.
Presently, the company has a paid-up capital of Rs 383.7 million. After the IPO issuance, the paid-up capital will reach Rs 750 million.
