Kathmandu, June 23
Upper Solu Hydro Electric Company is set to issue initial public offering to the general public from July 4. The company is issuing 1,957,500 units of ordinary shares worth Rs 195.7 million at a face value of Rs 100.
Out of the total offered units, the company has allotted 2 percent i.e. 39,150 units to employees and 5 percent i.e. 97,875 units to mutual funds. The general public can apply for the remaining 1,820,475 units of shares.
The interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on July 7 and lately on July 9.
ICRA Nepal has assigned BB+ rating to the issue indicating average risk.
The company has appointed NMB Capital as its issue manager. The investors can apply from all ASBA approved BFIs and meroshare software and app.