Today, last day to apply for IPO of Joshi Hydropower Development Company.
The company is floating worth Rs.16.90 crore for general public from 16 Mangsir 2075. The issue is already oversubscribed by 2.64 times.
It has allocated 3% or 50,714 units for employees, 5% or 84,523 units for the mutual funds and remaining 15,55,233 units for the general public.
One can apply minimum 50 units & maximum 8 lakh units from All C-ASBA approved Banks & financial institutions.
Siddhartha capital Limited has been appointed as issue manager for IPO.
Paid up capital will reach Rs 37.14 crore after IPO issuance.
Presently, Joshi Hydropower operating 3000 KW Upper Puwa-1 HEP in Mahjuwa VDC in Illam. ICRA Nepal has graded 5 to this IPO which indicates poor fundamental.
Also read: Know about Primary Market & how to apply for IPO.
