Upper Tamakoshi Starts Issuing IPO from November 1

Nov 01, 2018 Merolagani

Upper Tamakoshi Hydropower Project (@Upper Tamakoshi@) has started issuing IPO worth Rs 1.58 billion to general public from November 1. The company is issuing 15 percent i.e. 15,885,000 units of general shares at a face value of Rs 100.

The company has appointed Citizen Investment Fund and Sunrise Capital as its issue manager. 

The interested investors can apply for the minimum of 50 to maximum of 1000 units of shares. The IPO will close on November 5. 

The interested investors can apply for the shares from all C-ASBA approved BFIs. 

Earlier, the company issued 10.590 million units of shares to locals of affected from August 1-17


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