Rasuwagadhi Hydropower Company Limited and Sanjen Jalavidhyut Company Limited are issuing initial public offering (IPO) shares from today,11 Falgun 2074.
These issues are open for members of Employees Provident Fund, employees of promoter companies (Nepal Electricity Authority, Chilime Hydropower Company and staffs of local bodies of Rasuwa district) and employees of lending institution. These issues are not for the general public of local people.
Sanjen Jalavidhyut Company Limited is issuing 87,60,000 units of shares. And Rasuwagadhi Hydropower Company Limited is issuing 1,64,21,040 units ordinary shares. Sanjen Jalavidhyut Company and Rasuwagadhi Hydropower Company are subsidiaries of Chilime Hydropower Company Limited (CHCL). Both company is issuing IPO in two phase.
Sanjen Jalavidhyut Company Limited is issuing 87,60,000 units of shares.
In the first phase, the issue is open for staffs having membership of Employees Provident Fund of 71,17,500 units shares from 11 Falgun to 30 Falgun 2074. One can apply minimum 30 units to 300 units of shares. Membership of EPF till 22 Mangsir 2074 can apply for this issue.
In the second phase, the issue is open for promoter companies (Nepal Electricity Authority, Chilime Hydropower Company and staffs of local bodies of Rasuwa district) and employees of lending institution from 5 chaitra to 13 chaitra 2074.
12,77,500 units shares are allocate for employees of promoter companies. They can apply minimum 50 units to 300 units.
Likewise, 3,65,000 units of shares are allocate for employees of Employees Provident Fund. They can apply from 50 units to 1000 units.
Citizen Investment Trust is the issue manager for the IPO of Sanjen Jalavidhyut Company. Sunrise Capital, Global IME Capital, NMB Capital, Civil Capital Limited and Prabhu Capital Limited are co-issue managers.
Rasuwagadhi Hydropower Company Limited is issuing 1,64,21,040 units of shares.
In the first phase, the issue is open for staffs having membership of Employees Provident Fund of 1,33,42,095 units shares from 11 Falgun to 30 Falgun 2074. One can apply minimum 30 units to 500 units of shares. Any Staffs having membership of EPF till 20 Poush 2074 can apply under this issue.
In the second phase, the issue is open for promoter companies (Nepal Electricity Authority, Chilime Hydropower Company and staffs of local bodies of Rasuwa district) and employees of lending institution from 5 chaitra to 13 chaitra 2074.
23,94,735units shares are allocate for employees of promoter companies. They can apply minimum 50 units to 500 units.
Likewise, 6,84,210 units of shares are allocate for employees of Employees Provident Fund. They can apply from 50 units to 1000 units.
Siddhartha Capital Limited is the issue manager for the IPO of Rasuwagadhi Hydropower. NIBL Ace Capital, Global IME Capital and Sunrise Capital are co-issue managers.
Interested applicant can apply for IPO from all the C-ASBA approved banks & financial institution. All applicants must visit branches of bank along with Identity card of Employees Provident Fund.
Those who don’t have CRN number of C-ASBA services can also apply for IPO. But one should visit respective branches of bank & get CRN first & apply for IPO at same time.
Note: shares allotted in this issues will be lock for 3 years, can’t trade.
