Aankhu Khola Hydropower to float 8 lakh unit IPO for locals of Dhading district from today; To issue 12 lakh unit shares for general public after the completion of first phase of issuance

Aankhu Khola Hydropower Company Limited is issuing its Initial Public Offering (IPO) to the locals of Dhading district from Shrawan 17, 2075 i.e.today. The issue for 8 lakh unit shares of Rs 100 each will close on Shrawan 31, 2075.

The company is issuing 10% of its paid-up capital to the locals of Dhading district. After the issuance of 8 lakh unit shares for the locals, the hydropower company will be issuing 12 lakh unit shares for the general public.

Civil Capital Market has been appointed as the issue manager for the IPO issuance.

ICRA Nepal had assigned Grade 5 rating to the IPO issuance indicating poor fundamentals.

The interested locals can submit their application in the designated collection centers.

After the issuance of 8 lakh unit shares to the locals and 12 lakh unit shares to the general public, the paid–up capital of the hydropower company will reach Rs 80 crore.

The hydropower project constructed and operated under the company has the capacity to produce 8.4 MW  electricity.