Taksar Pikhwa Khola Hydropower Limited has opened its Initial Public Offering (IPO) from today for project-affected local residents and Nepalis working abroad.
The company has received approval to issue 4,230,668 shares worth Rs 423,066,800, which represents 35.26 percent of its total issued capital of Rs 1.20 billion.
Out of the total shares, 1.2 million ordinary shares have been allocated for project-affected local residents of Bhojpur District. Likewise, from the shares reserved for the general public, 303,067 shares have been allocated for Nepalis working abroad, 151,533 shares for mutual investment funds, and 60,613 shares for the company’s employees.
Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
For project-affected locals, the application period will remain open from Chaitra 11 to Chaitra 26, while Nepalis working abroad can apply from Chaitra 1 to Chaitra 11.
The IPO issuance and sales manager for the company is Prabhu Capital Limited
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