Himal Dolakha Hydro to issue IPO from July 10

Jul 03, 2019 10:47 AM Merolagani

Himal Dolakha Hydropower Company is set to issue issuing initial public offering (IPO) worth Rs 767.2 million to the general public from July 10.

The company is issuing 7,672,000 units of primary shares in the second phase that includes 1,472,000 units of unsubscribed shares of the previous offering issued to locals of the affected area of Illam.

Out of the total offering, the company has allocated 153,000 to employees and 25,000 to mutual funds. The remaining 7,493,000 units will be issued to the general public.

The company has appointed Global IME Capital as its issue manager for the matter. The interested investors can apply for a minimum of 10 to a maximum of 100,000 units of shares from all C-ASBA approved BFIs and through meroshare software. The issue will close early on July 14 and lately on August 9.

Care Nepal has assigned grade 4 for the IPO indicating below average fundamentals.

Himal Dolakha Hydropower is developing 4.5 MW Mai Khola Small Hydropower Project in Godak of Illam and 8 MW Mai Small Cascade Hydropower Project in Illam.


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NEPSE Adjusts Stock Price of Oriental Hotels

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