NEPSE lists 37.14 lakh unit shares of Joshi Hydropower; Recently allotted IPO also gets listed

Joshi Hydropower’s 37,14,000 unit shares has been listed in NEPSE. The shareholders holding the shares can now trade the shares in the secondary market.

The hydropower company had issued 371,400 unit shares for the locals of Ilam district out of which 2,42,010 units had remained unsubscribed. So, the hydropower company had issued 16,90,470 units for the general public including the unsubscribed units.

After the adjustment of IPO, the paid-up capital of the hydropower company has reached Rs 37.14 crore with the shareholding ratio standing at 51:49 for promoters and ordinary shareholders respectively.

The company is at present operating 3,000 KW Upper Puwa-1 HEP,  located in Puwa-Mahjuwa VDC of Ilam District in Eastern Nepal.