Solu hydropower is opening its ipo in two separate phases this month. The company has decided to provide different application periods for people working abroad and for the general public inside Nepal.
The first phase is for Nepalis who are currently in foreign employment. This phase will run from Mangsir 7 to Mangsir 10. The share price is fixed at Rs 100 per kitta. A total of 10,00,000 shares will be available in this phase. This step is aimed at helping migrant workers invest easily.
| Category | Opening date | Closing date | Issue price | Number of shares | Sector |
|---|---|---|---|---|---|
| Foreign employment | Mangsir 7 | Mangsir 10 | Rs 100 per kitta | 10,00,000 | Hydropower |
The second phase is for the local public. This phase will remain open from Mangsir 7 to Mangsir 21. The share price is also Rs 100 per kitta. A total of 1,00,00,000 shares will be offered in this round.
| Category | Opening date | Closing date | Issue price | Number of shares | Sector |
|---|---|---|---|---|---|
| Local public | Mangsir 7 | Mangsir 21 | Rs 100 per kitta | 1,00,00,000 | Hydropower |
Solu hydropower belongs to the hydropower sector. The company has not yet provided full details about the total number of shares, but investors can expect an official notice soon.
