Aankhu Khola Hydropower to issue 13.76 lakh units IPO share from 23 Ashoj – minimum units to apply 50 units

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Initial public offering (IPO)

Aankhu Khola Hydropower Company to issue IPO shares for general public from 23 Ashoj 2075. IPO will be closed on 26 Ashoj 2075.

The company will issue 13,76,020 units of shares at the face value of Rs. 100 for public including 176,020 units unsubscribed share by locals people.

It had allocated 68,801 units for existing mutual funds, 27,520 units for employees of the company and 1279699 units for general public.

It had issued 8 lakh units to locals of Dhading districts on 17 Shrawan 2075 out of which 176,020 units remains unsold.

Interested applicants can apply minimum 50 units & maximum 6,000 units.

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

Interested applicants can apply from Civil Capital Limited & all the C-ASBA approved Bank & financial institutions.

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.