Aankhu Khola Hydropower to issue IPO from 17 Shrawan 2075; minimum unit to apply 50 units

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Initial public offering (IPO)

Aankhu Khola Hydropower Company to issue IPO shares to the locals of Dhading districts from 17 Shrawan 2075. IPO will be closed on 31 Shrawan 2075.

The company will issue 8 lakh units of shares at the face value of Rs. 100. The company to issue 10% of paid up capital to locals of Dhading. After the issuance to locals, it will issue 12 lakh units to general public as initial public offering “IPO”.

Local applicants can apply miniumum 50 units & maximum 40,00 units.

Civil Capital limited has been appointed as issue manager for IPO.

Interested applicants can apply from Muktinath Bikas Bank- Dhadingbesi, Beni Ghat, Dharke, Arughat branch, branches of Civil bank, Prabhu bank  & site office of Aankhu khola Hydropower Company.

After the issuance of 8 lakh units for locals & 12 lakh units to general public, paid up capital will reach to Rs. 80 crore.

ICRA Nepal has assigned grade 5 rating for IPO of Ankhu Khola Hydropwer.