IPO of Himalayan Urja Bikas company to be issued from 06 Kartik – 9.9 lakh units

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Initial public offering (IPO)

IPO of Himalayan Urja Bikas Company is to be open from 06 Kartik 2075. The issue will be closed on 20 Kartik 2075. The issue is for locals of projected areas of Ramechhap & Dolakha district.

Local residents of Manthali municipality, Jiri municipality, Gokulganga rural municipality, Tamakoshi rural municipality can apply for the issue.

Interested applicant can apply for minimum 50 units & maximum 4900 units.

The hydropower company will be issuing 9,90,000 units of Shares at the rate of Rs.100.

Nabil Investment Banking Limited is appointed as issue manager.

Applicants can apply from project office of Himalayan Urja company, Gokulganga-1 ramechhap, Siddhartha Bank; Gokulganga Ramechhap branch, Prime Commercial Bank’s Jiri branch, Century Commercial Bank’s Jiri branch, NMB Bank’s Dolakha branch.

It has established 12 MW Upallo Khimti and 7 MW Upallo Khimti in Ramechhap and Dolakha’s Khimti River.

Also read: How to apply for IPO ? what is primary market ?