Today (June 12) is the last day to apply for the IPO issued by Dordi Khola Hydropower Company Limited. The company has issued an IPO to the public.
The company has distributed 2,97,840 shares to the residents of the project-affected areas and issued 2,195,509 ordinary shares at the face value of Rs 100 per share. Out of the total issued shares, 3 percent or 65 thousand 865 shares have been reserved for the employees of the company, and 5 percent or 1 lakh 9 thousand 775 shares have been distributed to the collective investment funds. The general investors will be able to apply for the remaining 2 million 19 thousand 839 shares.
Investors will have to apply for a minimum of 10 lots of shares and a maximum of 1.7 million lots of shares. The issue and sale manager of the company is Siddhartha Capital Limited. Investors can apply with the permission of the Nepal Securities Board from participating banks and financial institutions. In addition, you can also apply through the My Share app or website. According to CDS & Clearing, 1,514,806 applications were received till 5:34 pm on Monday for 1,29,32,670 shares worth Rs 1.29 billion. This is 6.40 times more than the 2,019,869 shares allotted to the public.
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