Last day to grab 2.70 lakh units IPO shares of Chhyangdi Hydropower for the locals of Lamjung district

Chhyangdi Hydopower Limited has issuing 2,70,000 unit shares worth Rs 2.70 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Lamjung district (40% of the total share for highly affected areas Faleni & Bansar VDC, 40% to Chiti, Dhodeni, Nauthar VDC and remaining 20% to the less affected areas of Lamjung) from Poush 20, 2073. Today is the closing day for the issue. Interested people must apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share. Global IME Capital Limited is the issue manager for the IPO issue. The authorized capital of the company is Rs 50 crore. The paid up capital of the company remains at Rs 18.90 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 21.60 crore. Likewise, after the IPO for the locals of project affected area, the company will be floating 5.40 lakh units shares worth Rs 5.40 crore as a part of IPO for the general public. After then, its paid up capital will reach Rs 27 crore. After the IPO, the promoter-people of affected area (Lamjung district) – public shareholding ratio of the company will be 70% to 10% to 20%. Chhyangdi Hydropower was established on September 2, 2007 as a private limited company. The company is developing Channdi Khola Hydropower project (2 MW) in Lamjung district, Nepal.