Kathmandu. Today is the last day to apply for the IPO issued by Bikas Hydropower Company for the project-affected local and foreign employment nepalis in the first phase.
The company had issued the first round of IPO from May 15. Nepalis in project-affected local and foreign employment can apply for this IPO till today.
The Securities Board of Nepal (SEBI) has approved the issuance of 445.45 million units of IPO of 49 percent of the issued capital of Rs 909.11 million. The company has opened a total of 909,101 units of shares at a face value of Rs 100 each for the project-affected locals and 354,550 units at 10 per cent of the public issue.
Out of the total units allotted to the project-affected people, the worst affected area is Dharche Rural Municipality Ward No. 1of Gorkha. 40 percent of the residents of 4 and 5 and dharche ward no. Residents of 1, 2, 3, 6 and 6 have been allocated 60 percent. Locals can apply through the company’s office in Gorkha, Prabhu Capital’s Office in Kathmandu and online built by Capital, Himalayan Bank branch in Dharche and Prabhu Bank branch in Arughat.
Nepalis in foreign employment can apply from the banks and financial institutions participating in the ASWA service approved by the Securities Board from the shares of C-ASBA and CDSC. Prabhu Capital is the IPO sales manager of Bikas Hydropower.
