United Idi-Mardi to issue IPO from March 23

Mar 16, 2020 10:34 AM Merolagani

United Idi-Mardi and R B Hydropower is set to issue initial public offering for locals of affected area from March 23. The company is issuing 420,000 units of primary shares to locals of affected area.

The interested investors can apply for a minimum of 10 units and maximum of 10,000 units of shares. The issue will close early on April 6 and lately on April 21.

The company will issue 420,000 to locals of affected area and 630,000 units to general public.

The company has appointed Global IME Capital as its issue manager.

Care Rating Nepal has assigned Care NP IPO Grade 4 rating to the IPO indicating below average fundamentals.

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