Kathmandu, May 8
Himalayan Hydropower Limited has launched 900,000 initial public offerings (IPOs) valued Rs 90 million. The firm has launched an initial public offering (IPO) for residents of Kaski who are affected by the project.
The initial sale of 8.22%, or 900,000 shares, of the business’s Rs 1.95 billion issued capital is now available, according to the company. The IPO will accept applications for at least 10 and up to 100,000 shares.
On May 22, people of Kaski Madi Gaonpalika Ward Nos. 1, 2, 3, 4, 6, and 7 in the project-
affected region will be eligible to apply for the company’s initial public offering (IPO).
If no applications for the acquisition of all of the shares are received before the deadline, the IPO will stay available until June 6.
All C-ASWA member banks and financial institutions, as well as their Nepal Securities Board-approved branch offices, can apply for the IPO. The auditoriums of Global IME Bank’s Lekhnath and New Road (Kaski), Machhapuchhre Bank’s Madi, Muktinath Development Bank’s Kahunkhola, Amarsingh, Budhibazar, and Garima Development Bank’s Kahunkhola, Mahendrapul, Batulechaur, Birauta, Tallo Gagangaunda, Buddhachowk, Talchowk, and Global IME Capital Limited’s sales manager.
