Peoples Hydropower Company to Issue 56,06,390 Unit IPO Shares
Peoples Hydropower Company to Issue 56,06,390 Unit IPO Shares
Peoples Hydropower Company Limited is going to issue an Initial Public Offering (IPO) to the general public on 25th Kartik, 2079. Peoples Hydropower Company Limited is going to issue 56,06,390 unit shares from 25th Kartik, 2079. The early closing date of this issue is on 29th Kartik and the late date is Mangsir 09, 2079. The company will collect Rs 56.06 crores from the IPO. Earlier, the company had issued 32,00,000 units IPO to the project-affected locals of Lamjung Districts and Dordi VDC from 31st Bhadra to Ashwin 30, 2079. Sanima Capital is the issue manager for the IPO issuance.
Peoples Hydropower Company to Issue 56,06,390 Unit IPO Shares
Peoples Hydropower Company IPO Details:
Total IPO Units: 56,06,390 units
Units For Employees: 168,190 units
Units For Mutual Funds: 280,320 units
Units For General Public: 51,57,880 units.
Peoples Hydropower Company Limited (PHDCL) is a Public Limited company. It was established on October ,9, 2007 as a Peoples Hydropower Company Private Limited and converted to a public limited on February 27, 2019. It is developing a 54 MW run-of-river, Super Dordi Hydropower Project Kha (SDHPK) in the Lamjung district of Nepal under the BOOT (Build, Own, Operate, and Transfer) mechanism.
