The hydropower company is issuing 2,100,350 units of general shares to the locals of the affected area of Gaurishankar Rural Municipality, Kalinchowk Rural Municipality and BIgu Rural Municipality of Dolakha District.
The interested investors can apply for a minimum of 50 and maximum of 500,000 units of shares at a price of Rs 100 per unit. The investors can apply for the shares from Himalayan Bank-Gaurishankar Branch, Mahalaxmi Bikas Bank-Charikot Branch, NIC Asia Bank- Charikkot Branch, Siddhartha Bank- Charikot branch and Sidhu Bikas Bank at Mude Branch, Charikot Branch and Singeti branch.
ICRA Nepal has assigned grade 4 for the issue indicating below average fundamentals.
Presently, the company has a paid-up capital of Rs 1.13 billion that will reach Rs 1.34 billion after the first phase IPO.
