IPO of Universal Power Company to be issued from 15 Poush 2075 for locals of projected affected areas. The issue will be open till 29 Poush 2075.
The company will issue 21,00,350 units share at the rate of Rs.100 for local people of Dolakha district in the first phase. It is 10% of paid up capital.
In the second phase, it will issue 7561260 units for general public.
Interest local applicants apply for minimum 50 units & maximum 5 lakh units.
Siddhartha capital has been appointed as issue manger for IPO.
Locals of Dolakha’s GauriSankar, Kalinchok & Bigu rural municipality can apply for IPO Shares.
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 grasde 4 for the IPO.
It is currently developing Tallo Khare Khola Hydropower Project. It has capacity of 11 MW in Dolakha District.
