Upper Tamakoshi hydropower’s IPO has been postponed; now issues will be issuing from 16 Shrawan to 14 Bhadra 2075. Previously, it had set to issue IPO from 24 Ashad to 09 shrawan for local people for Dolakha.
Local leaders & locals people has raised issue regarding the IPO issues date. They had said that this time is favourable for farming, closing date of banks, etc. So, they demanded to postpone the date.
The meeting of district coordination committee held on 18 Ashad had decided to postpone the date of issues.
In the first phase the hydropower company will be issuing 10% or 105,90,000 units for local people of projected affected areas of Dolakha. IPO is issuing at the rate of Rs.100.
Interested applicants can apply minimum 30 units to maximum 300 units.
Local people need to apply by filling up forms. Forms can be get from Citizen investment trust, Sunrise Capital, Upper tamakoshi hydropower- Charikot, Agriculture development- Charikot, Century bank- Charikot, Citizen bank- Charikot, Laxmi bank- Charikot, Mega bank- Charikot, Nabil bank- Charikot, Nepal investment bank- Charikot, Prabhu Bank,- Charikot, Prime bank- Charikot, Rastirya Banijya bank- Charikot, Siddhartha bank – Charikot branch of Dolakha district.
In the Second phase the hydropower company will issuing 15% or 1,58,85,000 units to general public after the allotment of first phase. Interested applicants can apply minimum 50 units to 1000 units. The general public can apply from C-ASBA approved BFIs.
Citizen Investment Trust & Sunrise Capital limited have been appointed as issue manager for IPO.
Paid up capital will reach to Rs. 10.59 arba after IPO issuance.
