Kathmandu. Him Star Energy Company is going to open the ipo sale in the second phase from July 15. In the first phase, the company is going to issue the IPO to the general public after selling it to the local and foreign employment affected nepalis in the project.
The company has got permission to issue an IPO worth Rs 111.9 million, which is 30 percent of the issued capital of Rs 373 million. Accordingly, the company will issue a total of 1,119,000 units of shares worth Rs 100 each.
The company has already opened the sale of 186,500 units of shares comprising 10 per cent of the issued capital for the project-affected residents and 93,250 units of shares representing 10 per cent of the total units allocated to the general public.
The company has now reserved 18,650 units of 2 percent shares for employees and 46,625 units of 5 percent shares for mutual funds and the remaining 773,975 units of shares are open for the general public.
Investors can apply for a minimum of 10 units and a maximum of 10,000 units.
Investors can apply from all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal and their designated branches and my share of CDSC.
The IPO issue will be closed at the earliest on July 15 and late on July 15 after the banking time. NIC Asia Capital is the ipo sales manager of the company.
