Phedikhola Hydropower Company Limited is preparing to issue its initial public offering (IPO) for the general public. The company plans to release shares worth Rs 17 crore 60 lakh.
The company has appointed NMB Capital Limited as the issue and sales manager for the IPO. The hydropower company, which has an authorized capital of Rs 80 crore, will issue 22 percent of its issued capital. This includes 17 lakh 60 thousand shares, each priced at Rs 100.
The company said the shares will be distributed to people from the project-affected areas, Nepalis working abroad, mutual fund schemes, company employees, and the general public, according to the rules.
The agreement for the IPO was signed on Kartik 26 by Prakash Chandra Dulal, the managing director of Phedikhola Hydropower Company, and Dipesh Kumar Vaidya, the chief executive officer of NMB Capital Limited.
