Panchthar Power Company Limited has extended IPO applying deadline upto 29 Magh 2075. The issue is open from 30 Poush 2075 to the locals of projected affected areas of Panchthar district.
The Hydropower company is issuing 962,500 units of share to locals at the rate of Rs.100.
Only local residents of Panchthar’s Bharpa, Yangnam and Nagin VDC can apply for IPO shares. Interested locals can apply for minimum 10 units & maximum 9,620 units.
Sanima Capital Limited has been appointed as issue manger.
Locals can apply from Panchthar branch of Agricultural development bank, Century Bank’s panchthar branch, Goodwill finance’s panchthar branch and Panthchar Power Company, project office, Panchthar.
Currently, its paid up capital is Rs.77 crore.
It is developing 14.9 MW Hewa Khola A hydropower project.
