Kathmandu, June 23
On July 4, Upper Solu Hydro Electric Company Limited will issue an initial public offering (IPO).
1,957,500 Ordinary Shares with a face value of Rs. 100 each would be issued by the firm.
39,150 of the total number of shares that will be issued have been set aside for employees, and 97,875 have been set up for collective investment funds. The remaining 1.82 million 475 lots are open to investor applications.
A minimum of 10 lots of shares must be demanded, and a total of 100,000 lots of shares may be requested. If no applications are received by July 7 when the IPO issue closes, the
application deadline is July 18.
NMB Capital Limited is the company’s issuance and sale manager. With the approval of the Nepal Securities Board, investors may also submit applications through banks and other financial institutions taking part in the ASWA service.
ICRA Nepal has given the business an ICRP IR Double B Plus rating in the rating for the IPO issue.
On the Solu River in the Solukhumbu area, the firm is building the 23.5 MW Solu Hydropower Project. The project can generate 23 MW of power.
