By Karuna Thapa
Kathmandu, April 19
Citizens residing in project-affected regions will be able to purchase ordinary shares of Dordi Khola Hydropower Company Limited. The company will sell 1,054,260 shares in an initial public offering (IPO) valued at Rs 100 each, for a total of Rs 105.42 million.
The firm will have 10,054,260 shares with a face value of Rs. 100, for a total of Rs. 105.44
million 26 thousand 400 which is 10% of the company’s total shares for permanent residents of Lamjung’s Dordi hamlet in the project’s impacted region.
Locals will be able to apply for the purchase of a minimum of 10 lots and a maximum of 1
million lots of shares from April 26 to May 10, and if their application is not received in time, they will be able to apply for the purchase of a minimum of 10 lots and a maximum of 1 million lots of shares until May 25 if their application is not received in time.
The ”Dordi 1 Hydropower Project,” with a capacity of 12 MW, is currently being built by the company utilizing the water of the Dordi river, which flows through Dordi. Locals will be able to apply for shares through the ASWA system, which is licensed by the Nepal Securities Board, from participating banks and financial organizations.
Siddhartha Bank’s Besi shahar branch, Global IME Bank’s Dordi branch, Kamana Sewa Bikas Bank, Muktinath Bikas Bank, and NMB Bank’s Besi shahar branch are all accepting applications, according to the company.
Siddhartha Capital Limited is the company’s issue and sale manager. ICRA Nepal has given the firm an ‘ICRNP-IR BB Minus’ rating certificate.
