The final day to apply for the Initial Public Offering (IPO) issued by Kalanga Hydro Limited, specifically allocated for Nepali citizens working abroad, is today. The company had opened the share sale on March 23 (Chaitra 10), and the application deadline will close after banking hours today (Chaitra 15).
Kalanga Hydro received approval to issue 35% of its total issued capital of NPR 1.40 billion, equivalent to 4.9 million shares worth NPR 490 million. Out of the shares reserved for the general public, 10%—amounting to 350,000 shares—has been allocated for Nepalis employed overseas.
Only Nepali citizens working abroad with valid labor approval from the Government of Nepal are eligible to apply. Interested investors can apply for a minimum of 10 shares and a maximum of 20,000 shares.
In terms of credit rating, CARE Ratings Nepal has assigned the company a ‘CARENP BB’ rating, indicating a moderate risk in the company’s ability to meet its financial obligations.
The issue and sales manager for this IPO is Sanima Capital Limited. Eligible applicants can submit their applications through ASBA-approved banks and financial institutions using the C-ASBA system.
Additionally, investors can apply online through the “MeroShare” platfo
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