Last day to apply for the IPO of Aankhu Khola Hydropower; Issue open for locals of Dhading district
Fri, Aug 31, 2018 6:57 AM on IPO/FPO News, Latest, Stock Market,
Today is the last day to apply for the IPO of Aankhu Khola Hydropower Company Limited for the locals of Dhading district.
The hydropower company has been issuing 8 lakh unit shares from Shrawan 17, 2075.
The company is issuing 10% of its paid-up capital to the locals of Dhading district. After the issuance of 8 lakh unit shares for the locals, the hydropower company will be issuing 12 lakh unit shares for the general public.
Civil Capital Market has been appointed as the issue manager for the IPO issuance.
ICRA Nepal had assigned Grade 5 rating to the IPO issuance indicating poor fundamentals.
The interested locals can submit their application in the designated collection centers.
After the issuance of 8 lakh unit shares to the locals and 12 lakh unit shares to the general public, the paid–up capital of the hydropower company will reach Rs 80 crore.
The hydropower project constructed and operated under the company has the capacity to produce 8.4 MW electricity.
