Daramkhola Hydro Energy Limited has started to take the application of an Initial Public Offering (IPO) of 10,30,500 units of IPO shares to the project-affected locals of Gulmi and Baglung District. Along with this, 2,91,950 units of IPO Shares to Foreign Nepalese Immigrants is also available for application from today.The issued capital of the company is Rs. 1.03 Arba. LS Capital Limited is the issue manager for the IPO issuance.
Dharamkhola Hydro IPO Details:
- 39,50,000 unit shares, will be issued to the public.
- 10,30,500 unit shares worth Rs. 10.30 Crores, will be allocated to project-affected locals of Gulmi and Baglung districts.
- 29,19,500 unit shares, will be offered to the general public at a later date.
For the project-affected locals, the minimum application quantity to be applied is 10 units, while the maximum quantity is 50,000 units. For the Nepalese citizens working abroad, the minimum application quantity to be applied is 10 units, and the maximum quantity is 10,000 units.
Daram Khola Hydroelectric Limited, established in December 2015, is a public limited company developing a 9.6 MW hydro project in Baglung, Nepal.