Out of the total shares, the company has allotted 24,000 units of shares for employees and 60,000 units of shares for mutual funds.
The interested investors can apply for a minimum of 50 and maximum of 6,000 units of shares.
Kalika Power has appointed Kathmandu Capital Market and Global IME Capital as its issue manager. The interested investors can apply for the shares through C-ASBA system from all ASBA approved BFIs.
Earlier, the company issued 600,000 units of IPO worth Rs 60 million to locals of affected area of Gorkha.
The company has obtained SEBON approval for the issuance of 1.2 million units.
Presently, the company has a paid-up capital of Rs 480 million. After the IPO issuance, the paid-up capital of the company will reach Rs 600 million.
ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
Kalika Power is operating 6MW Daraudi A Hydropower Project in Gorkha. The fund accumulated will be utilized on short term and long term credit.
