If you’ve been thinking of investing in Daram Khola Hydropower Energy Limited, this is your last chance. The company is closing its IPO (Initial Public Offering) applications today, Monday (Shrawan 19, 2082).
Daram Khola Hydropower has opened 29,19,500 shares to the general public. This accounts for 28.33% of the ompany’s total capital. The IPO was first made available on Shrawan 15.
Earlier, the company received approval from the Securities Board of Nepal (SEBON) on Jestha 20 to issue a total of 39,50,000 shares. Each share is priced at Rs. 100, making the offering worth Rs. 39.5 crore.
Out of the total shares, 10% (10,30,500 shares) were already reserved for people living in the project-affected areas. These include residents of Musikot Municipality in Gulmi, and Galkot Municipality and Badigad Rural Municipality in Baglung district.
Another 58,390 shares (10% of the public portion) were set aside for Nepali workers who are employed abroad with approved labor permits. This special application period was held earlier between Asar 9 and Asar 23.
How to Apply
Anyone from the general public can apply for a minimum of 10 shares and up to a maximum of 50,000 shares.
Applications can be submitted through any ASBA (Application Supported by Blocked Amount) member banks or financial institutions approved by SEBON. These include most major banks and their designated branches.
You can also apply online using the Mero Share platform.
Laxmi Sunrise Capital Limited is handling the issuance and sale of this IPO. They are responsible for managing the application process and investor coordination.
