Last day to grab 4.65 lakh units of IPO shares of Khani Khola Hydropower for locals

Khani Khola Hydropower Company Limited has started floating 4,65,714 unit shares as part of its initial public offering (IPO) for the locals of Lalitpur district (Bhatedada, Ikudol and Sankhu VDC project affected area) from Mangsir 9. Today is the last day of the IPO for the locals.

Eligible people must apply for a minimum of 10 units of share and they can apply for up to    10,000 unit of share.

Civil Capital Markets Limited has been assigned as the issue manager for the IPO issue.

The authorized and issued capital of company is Rs 46.57 crore and Rs 50 crore respectively. The Paid up capital of the company remains at Rs 32.60 crore. After the IPOfor the locals of project affected area, the paid up will reach Rs 37.25 crore.

ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed Initial Public Offering (IPO) ofKhanikhola HydropowerCompany.

After the IPO for the locals of project affected area, the company will be floating 9,31,429 units shares as a part of IPO for the general public.