Dibyashwari Hydropower IPO shares to be listed soon

Dibyashwari Hydropower Co. Ltd. is going to list the IPO shares soon. As per an official of Ace Capital Limited, the issue manager of the IPO, all preliminary work has been completed with the central depository system and will be listed within 2-3 days. “We have completed the work with CDS. However, the listing has been delayed because the date of agreement has not been fixed with Nepal Stock Exchange. It will be done within 2-3 days”, said the official. Dibyashwari Hydropower Co. Ltd. had floated 3.96 lakh units IPO shares for the general public from June 27 to June 30, 2016. The shares were allotted on August 24, 2016. After the IPO, the paid up capital of the company reached Rs 26.40 crore which includes Rs 2.64 crore collected from the project-affected area. The hydropower has authorized capital of Rs 56 crore. After the IPO, the promoter - people of affected area (Sankhuwasabha district) – public shareholding ratio of the company has become 75% to 10% to 15%.