Kathmandu, May 24
Upper Hewakhola Hydropower Company has started issuing an initial public offering (IPO) to the local of the affected area from today, May 24.
The company is issuing 500,000 units of primary shares worth Rs 50 million to the locals of the affected area of the Sankhuwasabha district.
The interested investors can apply for a minimum of 10 and a maximum of 100,000 units of shares. The issue will close early on June 7 and lately on June 22.
Care ratings 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 Khandbari branch of Prabhu Bank, Siddhartha Bank and Prime Commercial Bank, Chainpur branch of Global IME Bank, Tumlingtar, Sabhapokhari branch of Prime Commerical bank and Panchkhapan branch of Nepal Bangladesh Bank. Moreover, they can apply from all ASBA-approved BFIs.