Himalayan Urja Bikas Company to issue initial public offering (IPO) worth Rs.14.85 crore from 20 Chaitra 2075 for general public. The issue will be remains open till 25 Chaitra 2075.
The company will be issuing 15% or 14,85,000 units of shares at the rate of Rs.100. It has allocated 3% or 44,550 units for employees, 5% or 74,250 units for existing mutual funds and remaining 13,66,200 units for general public.
Interested applicants can apply minimum 50 units & maximum 6,500 units of shares from all the C-ASBA approved banks & financial institutions.
Also read: How to apply for IPO shares in Nepal?
Nabil Investment banking limited has been appointed as issue manager.
Paid up capital will reach to Rs.99 crore after IPO issuance.
ICRA Nepal has assigned grade 4 rating for IPO of Himalyan Urja Bikas Company.
