Asian Hydropower Limited: On February 6, the Company will conduct an Initial Public Offering (IPO) of securities. After releasing an IPO for the local people of the project-affected regions, the firm is planning to offer an IPO for the broader public. Nepal is now working overseas.
Asian Hydropower Limited will launch its IPO
The Nepal Securities Board authorized the business to issue 840,000 ordinary shares. Thereof, 84,000 shares have been granted to Nepalese citizens working overseas. Similarly, 42,000 shares have been earmarked for collective investment funds, while 16,800 shares have been set up for employees. The remaining 697,200 shares will be distributed to the general public.
The issuing and selling manager for the IPO is NMB Capital Limited. The Mer0 Share C-ASBA system is available to banks and financial organizations that have secured C-ASBA membership from the Nepal Securities Board.
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The application deadline for the company’s IPO is February 14. The company’s invitation letter specifies that a minimum of 10 shares and a maximum of 20,000 shares may be applied for in the IPO.