The company is issuing 1,376,020 units of general shares including unsubscribed shares of previous IPO issued to locals of affected area of Dhading. Out of the total issued shares, the company allocated 68,801 units to mutual funds and 27,520 units to employees.
The general public can apply for 1,279,699 units of shares remained after the allocation. Civil Capital has been appointed as issue manager by the company.
The interested applicants can apply for a minimum of 50 units to maximum of 6,000 units of shares through all C-ASBA approved BFIs and their nationwide branches.
ICRA Nepal has assigned IPO Grade 5 rating to the IPO indicating below average fundamentals.
Earlier, Ankhukhola Jalabidyut issued 800,000 units of shares (IPO) worth Rs 80 million to locals of the affected area from August 2.
The issue was undersubscribed by 176,020 units of shares which have been added to the current issue.
