Kathmandu. Today is the last day to apply for the IPO of Darmkhola Hydro Energy. In the first phase, the company has sold the IPO to the project-affected local and foreign employment Nepalis.
The Securities Board of Nepal (SEBI) has approved the ipo of Rs 395 million, which is 38.33 per cent of the issued capital of Rs 1.03 billion. Accordingly, the company has received permission to bring a total of 3.95 million units of IPO at a nominal price of Rs 100.
The company will sell 1,030,500 units comprising 10 per cent of the issued capital to locals of musikot municipality of Gulmi, Galkot municipality and Badigad municipality of Baglung and 291,950 units of shares of 2,919,500 units allocated to the general public. In the second phase, the company will issue 58,390 units of 2 percent to the employees, 5 percent to 145,975 units to the mutual investors and the remaining 2,423,185 units to the general public.
In this IPO TAG_OPEN_div_11, Nepalis in local and foreign employment can apply for a minimum of 10 units and a maximum of 50,000 units. Nepalis in foreign employment can apply from c-ASWA service licensed banks and financial institutions and their designated branches as well as my share of CDSC. Locals can apply for the purchase from Global IME Bank’s Wami branch, Laxmi Sunrise Bank’s Galkot branch, Prabhu Bank’s Galkot branch, Darmkhola Powerhouse’s collection center.
Laxmi Sunrise Capital is the IPO sales manager of Darmkhola Hydro.
