KATHMANDU: People’s Power Limited has opened IPO for the residents of the project-affected areas from Wednesday.

In the first phase, the company has issued 632,600 shares with a face value of Rs 100 per share, which is 10 percent of its issued capital of Rs 632.6 million.

One lakh 89 thousand 780 shares will be distributed for the residents of Ilam District Ilam Municipality-1 and 4 most affected areas and 442 thousand 820 shares will be distributed for the residents of Ilam district except wards 1 and 4.