People’s Hydropower Limited has opened the issue of 32 lakh shares of ordinary shares (IPO) for the project-affected people from the 31st of August. The company has opened the IPO issue for the local people of the Lamjung district affected by the project.
Out of the total issue, the project is to issue 30 percent i.e. 960,000 shares to local residents of Ward No. 6 and 7 of Dordi Villages (then Dhodeni and Faleni boroughs) and 70 percent i.e. 2240,000 shares to local residents of Lamjung district. The sales manager of Sanima Capital said. Application for IPO can be made by October 14th at the earliest and October 30th at the latest. The company has received permission from Sebon to issue 80 million IPO shares to the general public and project-affected locals