Himal Dolakha Hydropower Company Limited to issue initial public offering (IPO) from 25 Ashad 2076. The offer will be remains open till 29 Ashad 2076. If issue is not subscribed, than it will be remains open till 24 Shrawan 2076.
It is issuing 76,72,210 units (including 14,72,210 units unsubscribed by locals) IPO shares to general public at the rate of Rs.100.
Out of total issue, company have reserved 153,444 units for its employees, 25,000 units for mutual funds and remaining 74,93,766 units for general public.
Interested applicants can apply for minimum 10 units and maximum 1 lakh units through C-ASBA approved banks & financial institutions
Caring Rating Nepal has assigned grading “CARE-NP IPO Grade 4” for IPO.
Global IME Capital Limited has been appointed as issue manager for issue.
Paid up capital will reach to Rs.1.60 arba after IPO issuance.
It had completed 4.5 MW Mai Khola Small Hydropower project In Godak VDC & nearly completed 8 MW Mai samall Cascade Hydropower project in Illam.