Sushil K. Aryal, Dy. CEO CIT: 4 lakh IPO forms of HIDCL dispatched, more to come;Investors need not panic

Hydroelectricity Investment & Development Company Limited (HIDCL) has started floating its Initial Public Offering (IPO) worth Rs 2 arba (2 crore units’ shares) from Kartik 12, 2072. The offer will close on Kartik 19 at the earliest. The maximum closing date for the offer is Kartik 29, 2072. Like almost every IPO in Nepal, the availability of IPO forms of HIDCL is an issue among the investors. Social media site like Facebook is full of dissatisfied investors who have not been able to get IPO forms of HIDCL. Few investors alleged that the IPO forms are being sold at higher price in black market. ShareSansar contacted Sushil Kumar Aryal, Deputy CEO of Citizen Invesment Trust to get in facts about these issues. Mr. Aryal said, " As of now we have dispatched 4 lakh IPO forms of HIDCL to our 51 collection centers. Out of 4 Lakhs forms 1.25 lakhs have been dispatched outside Kathmandu Valley while 2.75 lakhs forms have  been distributed in the valley itself. We are printing more forms tomorrow, Saturday. On Sunday we will be supplying more. We will print forms as necessary, so there is no need to panic as the earliest closure date of IPO is on Kartik 19." Nobody should buy forms at higher price from black market as we are committed to meet the demand of IPO forms, added Mr. Aryal.   HIDCL IPO form Distribution Center Investors slow to respond to HIDCL IPO; Rs 75 crore collected from 35,000 applicants in first two days