Peoples Hydropower to issue IPO from November 11

Kathmandu, Nov 4

Peoples Hydropower is set to issue initial public offering (IPO) to the general public from November 11.

The company is issuing 5,606,390 units of ordinary shares including 806,390 units remaining shares issued to the locals of affected area. Out of which it has secured 5 percent i.e. 280,190 units for mutual funds and 3 percent i.e. 168,190 units for employees. The general public can apply for the remaining 5,157,880 units.

The interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on November 15 and lately on November 25.

Care Ratings has assigned BB rating to the issue indicating moderate risks.

The company has appointed Sanima Capital as its issue manager. The interested investors can apply from all C-ASBA approved BFIs and meroshare app.