IPO of one more hydropower company; Union Hydropower to issue 7.50 lakh unit from Shrawan 14 for the locals of Lamjung district
Fri, Jul 20, 2018 1:31 AM on IPO/FPO News, Stock Market, Latest,

Union Hydropower Company Limited will be issuing Initial Public Offering (IPO) to the locals of Lamjung district from Shrawan 14, 2075. The issue of 7,50,000 unit shares shall last till Shrawan 28, 2075.
Interest locals can apply for a minimum of 50 units and maximum of 3,000 units of shares for a par value of Rs 100. The applicants can present their application in the designated collection centres.
ICRA Nepal has assigned Grade 4 rating to the IPO issue which indicates poor fundamentals.
After the issuance of IPO for the locals the hydropower company will be issuing 29,12,500 unit shares as IPO for the general public.
Laxmi Capital has been appointed as the issue manager for the IPO issuance.
Union Hydropower has been constructing a 3.3 MW Midim Khola Project. It has also received approval for construction of 23 MW Mewa Khola Project.