Dibyashwari Hydropower to issue IPO worth Rs 2.64 crore  for locals of Sankhuwasabha district from today

Sun, Mar 13, 2016 3:00 AM on Latest, IPO/FPO News, Featured,
Dibyashwari Hydropower Company Limited  is issuing 2,64,000 unit shares worth Rs 2.64 crore as part of its initial public offering (IPO)  at face value of Rs 100,  for the locals of  Sankhuwasabha district (Dhupu, Syabun, Wana VDC and Chainpur Municipality Ward no. 8,9,11 project affected area) from today (Falgun 30) The IPO applications will be close on Chaitra 14, 2072 at the earliest. The maximum closing date for the offer is Baisakh 4, 2072. Interested people must apply for a minimum of 50 units of share and they can apply for up to 10,000 unit of share. Ace Capital Limited has been assigned as the issue manager for the IPO issue. The authorized and issued capital of company is Rs 56 crore and Rs 26.40 crore respectively.  The Paid up capital of the company remains at Rs 19.80 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 26 crore. After the IPO for the locals of project affected area, the company will be floating 3,96,000 units shares as a part of IPO  for the general public.   Collection centers for this issue are as follows:
S.No Collection Center Name Contact Person Contact Number
1. Ace Development Bank Limited, Branch office, Khandbari, Sankhuwasabha Arun Kumar Shrestha 9852051972
2. Dibyashwari Hydropower Limited , Dhup-2, Sankhuwasabha Purna Bahadur Budhathoki 9851190288
3. Tribeni Bikas Bank Limited , Branch office, Itahari, Sunsari Maheswor Parajuli 9852056141