The primary shares are due to listing following a disagreement between the issue manager and the company. Earlier, the issue manager declined to accept the unsold primary shares that brew conflict between the issue manager and company.
‘However, now the conflict has been resolved and the issue manager has paid all the dues. The company will list the shares in the coming week,’ said an official to Merolagani.
Himal Dolakha Hydropower issued IPO worth Rs 767.2 million to the general public in two-phase from July 10-August 9 and August 11- 13.
Care Nepal 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.