Himalayan Power lists 1.06 crore units IPO shares in NEPSE; Shares to be traded after 7 days of listing

Himalayan Power Partner Limited has listed 1,06,54,170 units IPO shares in Nepal Stock Exchange (NEPSE) today. Out of the 1.06 crore units shares, 21.30 lakh units ordinary shares can now be traded in NEPSE after 7 days. Himalayan Power has issued 21,30,834 unit shares worth Rs 21.30 crore as part of its Initial Public Offering (IPO) for the general public on Ashad 1, 2074. Allotment of the hydropower company was concluded through new allotment module in which all applicants are allotted with minimum 10 units shares. The authorized capital of company is Rs 2.70 arba.  The paid up capital of the company remains at Rs 85.23 crore. After the IPO for the general public, the paid up will reach Rs 1.06 arba. After this IPO, the promoter-people of affected area (Lamjung district) – public shareholding ratio of the company will be 70% to 10% to 20%.