Mountain Hydro Nepal Limited will be issuing IPO from 22 Ashad to local people of projected affected areas of Panchthar Districts. IPO will be remains open till 04 Shrawan 2075.
The hydropower company will be issuing 12,50,000 unit shares of shares at the rate of Rs. 100.
The company will issue 7,50,000 unit for local of Phidim municapility & Hilihang rural municipality. Remaining 5,00,000 units is for the locals of Panchthar district.
Interested applicants can apply minimum 50 units & maximum 6,000 units.
Siddhartha Capital has been appointed as issue manager for the issue.
Interested applicants can apply from Century Bank-Phidim, Prabhu Bank-phidim, Goodwill finance-Phidim, Saptakoshi development-Phidim,Civil Bank-Phidim, Mountian Hydro project area office-Phidmi Panchtar.
Paid up capital will reach to Rs.1.125 arba after the IPO issuance. It is developing 21.6 MW Lowar Hewa Khola Hydropower Project located in Panchthar District.
