Eastern Hydropower Limited (EHL) has published an offer letter to issue its IPO to the project affected locals of the Bhojpur District. The local IPO issue will open on 7th Bhadra and close on 21st Bhadra, 2079. If not subscribed by the early closing date, the issue will close on 5th Ashoj.
6,20,000 unit shares will be issued at a par value of Rs. 100 per share. This is 10% of the company's issued capital. Locals of the Bhojpur District can apply for a minimum of 10 shares to a maximum of 1,00,000 shares.
NMB Capital has been appointed as the issue manager.
EHL is a Public Company, incorporated on August 4, 2017, promoted by institutional as well as individual promoters from different background. It is currently operating a 5 MW Pikhuwa Khola Small Hydropower Project (PKSHP) in run –of –river scheme located at Bhojpur district, Nepal. The project has been constructed under BOOT (Build, own, Operate and Transfer) mechanism.