UTKHPL IPO for EPF depositors, lending institutions & NEA staff closes today

ShareSansar, March 29:

Today is the last day for the depositors of Employee Provident Fund, and the employees of lending institutions and the largest promoter--the Nepal Electricity Authority--to apply for the initial public offering (IPO) of Upper Tamakoshi Hydropower Limited (UTKHPL).

The hydropower company had set aside 1,82,99,520 kitta shares for the depositors of EPF, 30,49,920 kitta shares for the employees of lending institutions and 40,66,560 kitta shares for its own employees and the staff of the NEA.

In a notice published today, the hydropower company has said that the issue managers—CIT and NCM Merchant Banking—will stop accepting forms by the end of today’s office hours.