Mountain Hydro Nepal Limited will be issuing initial public offering (IPO) from 23 Falgun 2075. The issue will be remains open till 28 Falgun 2075.
The hydropower company will be issuing 18,16,110 unit shares of shares at the rate of Rs. 100. Total issue includes 5,66,110 units of shares which were unsubscribe by locals of Panchthar districts.
It had allocated 2% or 36,322 units, 40,000 units for existing mutual funds and remaining 17,39,788 units for general public.
Read: How to apply for IPO Share?
Interested applicants can apply minimum 50 units & maximum 80,000 units. Applicants can apply from all the C-ASBA approved Banks & financial institutions.
Siddhartha Capital Limited has been appointed as issue manager for the issue.
Paid up capital will reach to Rs.1.25 arba after the IPO issuance. It is developing 21.6 MW Lowar Hewa Khola Hydropower Project located in Panchthar District.
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