Kalinchowk Hydropower Limited has opened its Initial Public Offering (IPO) for the general public from today. The company had already allotted shares earlier to project-affected locals and Nepalis working abroad.
The company received approval from Securities Board of Nepal to issue a total of 1,375,000 shares at a face value of NPR 100 per share. After allocations to locals and migrant workers, 41,250 shares have been reserved for mutual funds and 16,500 shares for employees. The remaining 684,750 shares are now open to the general public.
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The application window will remain open until Chaitra 25.
The issue and sales manager is RBB Merchant Banking Limited. Applications can be submitted through the CDS and Clearing Limited Mero Share system and via C-ASBA member banks and financial institutions.
Established in 2016 and converted into a public limited company in 2022, Kalinchowk Hydropower is developing a 5 MW run-of-river Sangu (Sorun) Khola hydropower project in Dolakha district under the BOOT (Build, Own, Operate, Transfer) model.
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