Kathmandu, April 8 – This is the last day for applications in the IPO of Kalinchowk Hydropower Limited. After allocating shares among local people from areas affected by construction and Nepalese workers abroad, the company launched the IPO of Kalinchowk Hydropower Limited to the general public on April 5.
The total issue of the company includes 25 percent of its issued capital amounting to Rs 550 million. The total number of shares available through the IPO amounts to 1,375,000, valued at Rs 137.5 million.
From this, the company has issued out:
The current issue consists of 684,750 units valued at Rs 68.4 million for general public investment.
A minimum of 10 units and a maximum of 10,000 units may be bought by investors.
According to CARE Rating Nepal, the company carries a rating of BB.
The IPO process will be carried out by RBB Merchant Banking Ltd. Investors interested in participating in this IPO process can subscribe to the issue through any bank that offers C-ASBA service or through MeroShare.
With the deadline approaching today, investors are urged to apply at the earliest.
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