Rasuwagadhi Hydro’s IPO worth Rs 680 million has been opened

Desk by Karuna

Since Monday, the Rs 680 million (IPO) sale has been open at Rasuwagadhi Hydropower Company Limited. The inhabitants of the Rasuwa district who will be impacted by the project have access to the IPO according to the company.

The company is both buying and selling in the secondary market in addition to having already issued shares to the general public. The corporation would issue 68 lakh 42 thousand 100 ordinary shares, which is equal to the 10% allocated for locals.

Gosainkund, Ward No. 1 Thuman, and Ward No. 2 Timere are the project’s most affected areas. Residents of Dhunche No. 6 and the other impacted areas may make an application. Residents of AmachhodingmoGaonpalika Ward No. 4 Goljung, Ward No. 5 Chilime, the remaining wards of GosainkundGaonpalika, Ward No. 4 Langtang, Ward No. 5 Syafrubeshi, and Ward No. 6 Dhunche, as well as the rest of the affected districts, may apply.

All banks and other financial institutions that are C-ASWA members are eligible to apply for the IPO, and the Nepal Securities Board has granted approval for the establishment of their branch offices. They may submit applications for as few as 10 lots and as many as 700 lots of shares in the IPO.

On July 11, the IPO’s issuance will come to a close. The IPO will remain open until July 26 if there isn’t enough demand for all the shares during that time.

Siddhartha Capital Limited is the company’s issue and sale manager, and NIBL S Capital, Global IME Capital, and Sunrise Capital Limited are its co-issue and sale managers.

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