Earlier the company issue 10 percent shares of issued capital to the local of affected area, which went undersubscribed. The unsubscribed 242,010 unit shares are being added to 1,448,460 units of shares issued to the general public.
Joshi Hydro has appointed Siddhartha Capital as its issue manager. ICRA Nepal has assigned Grade 5 to the IPO indicating poor fundamentals.
Joshi Hydro is operating 3MW Puwakhola Hydropower project in Illam.
