Daram Khola Hydropower is set to open its Initial Public Offering (IPO) from Asar 9. In the first phase, the shares will be available to Nepalis working abroad and local residents affected by the project.
The company is issuing 38.33% of its total capital, equivalent to Rs. 1.03 billion. Out of 3.95 million public shares, 58,390 are reserved for foreign-employed Nepali, and 1,030,500 shares are for locals affected by the project.
Eligible locals must be permanent residents of Musikot Municipality (Gulmi), Galkot Municipality, or Badigad Rural Municipality (Baglung). They can apply from Asar 23 to Shrawan 6 at designated branches including Global IME Bank (Wami), Laxmi Sunrise Bank (Galkot), Prabhu Bank (Galkot), and Daram Khola Powerhouse office.
Nepalis working abroad can apply online via Meroshare until Asar 23.
The company has built a 9.6 MW hydro project in Galkot, Baglung. The total project cost is estimated at Rs. 2.38 billion, with an average cost of Rs. 250 million per megawatt.
