Kathmandu. Today is the last day to fill out Pure Energy’s IPO.
The company had opened the IPO sale for locals and Nepalis in foreign employment in the project-affected area in the first phase since Falgun 20. The company has issued 2 percent of the issued capital of Rs 800 million, or Rs 160 million, with a face value of Rs 100 per share, equivalent to Rs 160 million, to locals in Banke district, the project-affected area.
Similarly, the company has opened the sale of 18 percent of the issued capital, or 144 thousand ordinary shares, or 144 thousand ordinary shares, to Nepalis in foreign employment. Local and foreign employed Nepalis will be able to apply until banking hours today, Chaitra 5.
A minimum of 10 units will have to be applied for in this IPO. Locals in the project-affected areas can apply for a maximum of 16,000 units and Nepalis in foreign employment can apply for a maximum of 7,200 units.
Nabil Investment Banking is the IPO sales manager for Pure Energy. Locals can apply from the project site, Nabil Bank’s Kohalpur and Nepalgunj branch offices, Laxmi Sunrise Bank’s Kohalpur and Nepalgunj branches, Siddhartha Bank’s Khajura, New Road Nepalgunj and BP Chowk branch offices, and Kumari Bank’s Chisapani, Khajura, Kohalpur, Surkhet Road Nepalgunj and Rimjhim Bazaar branch offices. Nepalis in foreign employment can apply through all C-ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices and CDSC’s ‘Mero Share’.
