Upper Solu Hydro Electric Company to float IPO from 22 Baishakh

upper solu hydro electric company

Upper Solu Hydro Electric Company Limited will be issuing IPO (initial public offering) from 22 Baishakh 2079 for locals of projected affected areas. The issue will be open for locals of Solu dudkund rural municipality, Solukhumbu District.

The issue will be closed on 05 Jesth 2079. If not subscribed within given time, then issue will be remain open till 20 Jestha 2079.

Upper Solu Hydro will be floating 13,50,000 units of IPO share at the rate of Rs.100. Interested locals can apply for minimum 10 units and maximum 1 lakh units of shares.

In the second phase, company will float 14.5% or 19,57,500 units for general public.

Interested can apply through C-Asba approved Banks and financial institution.

NMB Capital Limited has been appointed as issue manager.

ICRA Nepal Ltd has assigned a double B plus issuer rating [ICRANP-IR] BB+ to the company.

Its Paid up capital will reached to Rs.1.35 arba after IPO issuance.