Ghalemdi Hydro Limited will be issuing initial public offering (IPO) from 22 Ashad 2075 to local people of project affected areas of Annapurana Rural Municipality, Myagdi District. IPO will be open till 04 Shrawan 2075.
The company will be issuing 5,50,000 unit shares at the face value of Rs.100.
Interested applicants can apply minimum 50 units & maximum 2750 units.
Vibor Capital limited has been appointed as issue manager of IPO.
Interested applicants can apply from Global IME Bank, Beni, Prabhu Bank, Beni, Garima Bikas Bank, Pokharebagar and Machhapuchchhre Bank, Beni.
After this issue for local, the company will issue 20% of issue capital for general public & employees. Currently paid up capital is Rs. 38.50 crore. After the both issuance, paid up capital will reach to Rs.55 crore.
It has been developing a 4 MW capacity project located at Narchyang VDC of Myagdi district.
