KATHMANDU: Initial public offerings (IPO) issued by Dordi Khola Hydropower Company Limited for the public can be applied from today (Thursday).
The company has already sold ordinary shares for project-hit people.
The company is issuing 2,195,000 units of shares worth Rs 219,500,000 with a face value of Rs 100.
Out of which, 3 percent or 65, 865 shares have been allotted for the employees of the company, 5 percent or 107,775 have been allotted for the collective investment fund and the remaining 2,019,869 ordinary shares have been allocated for the general public.
People can subscribe for a minimum of 10 lots to a maximum of 100,000 lots in this IPO by June 14.
ICRA Nepal has given the ‘ICRA NP-IR BB Plus’ rating to the IPO of this company. The ratings show that the company has a moderate risk of failing to meet its financial obligations on time.
Siddhartha Capital Limited is the issue manager.
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