Union Hydropower's IPO issue for locals of Lamjung district to close today; Applicants can apply for a minimum 50 units
Tue, Aug 28, 2018 10:27 AM on IPO/FPO News, Latest, Stock Market,

Union Hydropower is closing the issue of 7,50,000 units Initial Public Offering (IPO) to the locals of Lamjung district on Bhadra 12, 2075 i.e. today. The issue had started from Shrawan 28, 2075.
Interest locals can apply for a minimum of 50 units and maximum of 3,000 units of shares for a par value of Rs 100. The applicants can present their application in the designated collection centres. The applicants cannot place their applicants through Meroshare website.
ICRA Nepal has assigned Grade 4 rating to the IPO issue which indicates poor fundamentals.
After the issuance of IPO for the locals the hydropower company will be issuing 29,12,500 unit shares as IPO for the general public.
Laxmi Capital has been appointed as the issue manager for the IPO issuance.
Union Hydropower has been constructing a 3.3 MW Midim Khola Project. It has also received approval for construction of 23 MW Mewa Khola Project.