Kathmandu, March 3
Balephi Hydropower Company has extended deadline of ongoing initial public offering (IPO) issued to the local of the affected area for a second time. Now the issue will close on March 10.
The company is issuing 1,827,970 units of primary shares at a face value of Rs 100 to the locals of affected area from February 10.
Out of the total offered units, the company is issuing 60 percent i.e 1,096,782 units to locals of ward no 2,3 and 4 of Jugar Ruralmunicipality and the remaining 40 percent i.e. 731,188 units to ward non 5,7 of Jugar Ruralmunicipality, ward no 1,3,6 and 7 of Balephi Ruralmunicipality and ward no 7 of Sunkoshi Ruralmunicpality of of Sindhupalchowk District.
Now the issue will close on March 3. The interested investors can apply from Kumari Bank at Jalbire, NCC Bank at Bande, Global IME Bank at Chautara, Laxmi Bank at Chautara and Khadichaur. Moreover, they can apply from all CASBA approved BFIs.
The company has appointed Global IME Capital as its issue manager. The investors can apply for a minimum of 10 and maximum of 100,000 units.
ICRA Nepal has assigned BB rating to the issue indicating moderate risk.
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