People’s Hydropower will start issuing IPOs on Kartik 25
From Kartik 25, 2079 B.S., People’s Hydropower Company Limited will launch an initial public offering. The company will now issue the IPO for the general public after first issuing it for the residents of the project-affected areas. After allocating the allocated shares for the citizens of the affected areas, the company will issue 56 lakh 6 thousand 390 shares with a face value of 100 per share, along with the remaining 8 lakh 6 thousand 390 shares.
A total of 5%, or 280 000 190 shares, have been set aside for a collective investment fund, and 3%, or 168 000 190 shares, have been set aside for employees. Anyone may apply the remaining 51 lakh 57 thousand 880 shares.
Investors can apply for up to 100,000 shares, with a minimum application requirement of 10 shares. If the complete application is not received by November 29 at the earliest, the issue will be closed; otherwise, the application deadline will be extended to Mangsir 9, 2079 B.S. In the rating for the IPO issuance, Care Rating Nepal has given the company a Care NP Double B Issuer Rating. This suggests that the risk of being unable to pay liabilities is moderate.
The company’s share issue and sales manager is Sanima Capital Limited. CSBA member banks, financial institutions, their designated branch offices, and the Mero Share Web and App can be used to submit IPO applications.