Maya Khola Hydropower is issuing IPO from today

Initial public offering (IPO)

Maya Khola Hydropower Company is issuing IPO for today 13 Magh 2079 for general public. The issue will be closed on 17 Magh 2079.

Out of the total 24,00,000 units; 10% i.e. 240,000 units have already been issued and allotted to Nepalese citizens working abroad, whereas 2% i.e 48,000 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 120,000 units have been set aside for the mutual funds. The remaining 19,92,000 units are for the general public.

Prabhu Capital has been appointed as issue manager.

The paid-up capital of the Maya Khola Hydropower will reach Rs. 1 Arba after the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 100,000 units.

ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) to Maya Khola Hydropower Company Limited.