IPO of Universal Power Company can be applying upto 6 Magh 2075. Due to reason of under subscription by applicants company had extended the deadline for application.
The issue was open from 15 Poush 2075 for locals of projected affected areas. Now, the issue will be close on 13 Magh 2075.
The company is issuing 21,00,350 units share at the rate of Rs.100 for local people of Dolakha district in the first phase.
Interest local applicants apply for minimum 50 units & maximum 5 lakh units. Locals of Dolakha’s GauriSankar, Kalinchok & Bigu rural municipality can apply for IPO Shares
Siddhartha capital has been appointed as issue manger for IPO.
Interested applicants can apply from Himalaya Bank, Gaurishankar branch, Mahalaxmi Bikas Bank, charikot, Siddhartha Bank, Charikot, NIC Asia Bank, Charikot and Sindhu Bikas Bank’s Mude, Charikot, Singati branches.
ICRA Nepal assigned grade 4 for the IPO.
It is currently developing Tallo Khare Khola Hydropower Project. It has capacity of 11 MW in Dolakha District.
