Sagarmatha Jalbidhyut Company Opens 35,81,760 Units IPO Shares Issue For General Public
Sagarmatha Jalbidhyut Company Opening 35,81,760 Units IPO Shares Issue For General Public
Sagarmatha Jalbidhyut Company Limited is opening 35,81,760 unit IPO shares to the general public from 8th Chaitra, 2079 to 12th Chaitra. If the issue is not fully subscribed, then it will be extended up to 22nd Chaitra, 2079.
Sagarmatha Jalbidhyut Company Opens 35,81,760 Units IPO Shares Issue For General Public
According to the company, 35,81,760 units are only for the general public as 436,800 units have already been issued and allotted to Nepalese citizens working abroad, along with 218,400 units that have been set aside for mutual funds. Like before, employees are lucky enough for the 131,040 units. The paid-up capital of the company will reach Rs. 1.12 Arba after the IPO issuance. Earlier, the company had issued 11,20,000 unit shares worth Rs. 11.22 crores to the project-affected locals of Illam District.
Prabhu Capital Limited is appointed as the issue manager for the IPO issuance of Sagarmatha Jalbidhyut Company Limited. Sagarmatha Jalbidhyut Company Ltd was established in November 2015 in Kathmandu, Nepal under the Company Act 2053 of the government of Nepal.
