Kathmandu, March 30
Balephi Hydropower Company has started issuing initial public offering for the general public from today, March 30.
The company is issuing 1,827,970 units of primary shares at a face value of Rs 100 to the general public. Out of the total offered units, the company has allocated 4 percent i.e. 73,119 units to employees and 5 percent i.e. 91,398 units of shares to mutual fund. The general public can apply for the remaining 1,663,453 units of shares.
The issue will close early on April 4 and lately on April 13. The interested investors can apply from all CASBA approved BFIs and meroshare software.
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.