Allotment Program Today at 5: 30 for Locals IPO Issue of Nyadi Hydropower Limited

Nyadi Hydropower Limited is conducting the allotment program for the locals IPO issue today, i.e. Ashoj 06, 2078.

The company had opened the 15,00,000 unit IPO shares issue to the project-affected locals of Lamjung District on Bhadra 1, 2078. Global IME Capital Limited was appointed as the issue manager and NMB Capital Limited as the co-issue manager for the IPO issuance. The allotment program will commence today at the premises of the issue manager in Naxal, Kathmandu, starting at 5: 30 pm.

After the IPO is issued in two phases, first to locals and employees of the promoter institutions and then to the general public, the promoter: public shareholding ratio of the company will be 73:27, and paid-up capital will be Rs 1.5 Arba.

Nyadi Hydropower Limited is a public company, incorporated on March 1, 2007. It is promoted by Butwal Power Company Limited (BPCL) and Lamjung Electricity Development Company Ltd. (LEDCO) for setting up a 30 MW run-of-river, Nyadi Hydropower Project (NHP) in Marshyangdi Municipality, Lamjung district of Nepal.