Residents of Dolakha and Ramechhap can now apply for one more IPO! 9,90,000 units IPO to be issued by Himalayan Urja Bikas Company Limited

  • -ShareSansar
Wed, Oct 10, 2018 11:01 AM on IPO/FPO News, Latest, Stock Market,

Himalayan Urja Bikas Company Limited published an offer letter in regards to issuance of IPO of 9,90,000 units. The issue has been made to the project affected local residents of Manthali municipality, Jiri municipality, Gokulganga rural municipality, Tamakoshi rural municipality. The issue will be made available from 6th Kartik to 20th Kartik, 2075 under normal circumstances and under different conditions; the date will be extended till 5th Mangsir.

The company is issuing IPO of 9 lakhs 90 thousand units shares worth Rs 9 crore 90 lakhs. Nabil Investment Bank Limited will be working as the issue manager for the IPO.

The residents of project affected   region can submit the forms in Ramechhap Gokulganga-1, Siddhartha Bank; Branch in Ramechhap Gokulganga, Prime Commercial Bank’s Jiri branch, Century Commercial Bank’s Jiri branch, NMB Bank’s Dolakha branch.  

In the first phase of the issue, 10% of the issued shares has been allocated to the residents. Post this phase, the company has announced to allocate 15% i.e. an amount worth Rs 14 crore to 85 lakhs through the issue of 14 lakh 85 thousand units shares.

The company has established 12 MW Upallo Khimti and 7 MW Upallo Khimti in Ramechhap and Dolakha’s Khimti River.