Mandakini Hydro’s IPO open for project-affected

Kathmandu, June 15

Mandakini Hydropower has announced an initial public offering (IPO) for project-affected
people. From today, the corporation will offer 5 lakh 88 thousand 37 IPO lots for the project’s affected residents. Hydropower has a total paid-up capital of Rs. 588.03 million. According to BOK Capital Market’s sales manager, 10% of the paid-up capital, or Rs. 588.3 million, has been set aside for an IPO.

This share is available to citizens in Kaski District’s Machhapuchhre Gaonpalika Wards 2, 3, 4, and 6. In addition, 20% of the 11.76 million in paid-up capital has been allocated to a 5% collective investment fund and 2% to the employees.

According to sales manager BOK, the remaining 1,093,749 IPO lots have been allocated to the general public. The firm has a net worth of Rs 109 per share and earnings of Rs 7.91 per share. In the same way, the total profit loss is Rs. 54.9 million.