Today, Monday, Ashadh 23 (July 7), is the final day to apply for the IPO of Daram khola hydro energy limited. Interested investors can apply within office hours.
The company opened its IPO on Ashadh 9 for two groups:
- Locals affected by the project
- Nepalis working abroad
Daram khola Hydro has received approval to issue shares worth Rs. 395 million, which is 38.33% of its total capital of Rs. 1.03 billion.
Details of the IPO:
- For project-affected locals:
The company is offering 1,030,500 shares at a face value of Rs. 100 each.
Eligible locals are from:- Musikot Municipality, Gulmi District
- Galkot Municipality, Baglung District
- Badigau Rural Municipality, Baglung District
- For Nepalis working abroad:
Out of the total 2,919,500 shares allocated for the general public, 10% (i.e., 291,950 shares) are reserved for Nepalis in foreign employment.
Application Details:
- Investors from both groups can apply for a minimum of 10 shares and a maximum of 50,000 shares.
- Project-affected locals can apply through:
- Global IME Bank, Wami Branch
- Laxmi Sunrise Bank, Galkot Branch
- Prabhu Bank, Galkot Branch
- Daram Khola Powerhouse
They need to pay Rs. 2 to obtain the application form.
- Nepalis working abroad can apply through C-ASBA-approved banks and financial institutions or via Meroshare.
IPO Manager:
- The IPO is being managed by Laxmi Sunrise Capital.
