Kathmandu. Kalinchowk Hydropower Limited (KHL) is going to open its initial public offering (IPO) for the general public from April 22. The company has received permission from the Securities Board of Nepal (SEBON) to issue a total of 1,375,000 units of shares at a face value of Rs 100 each. In the first phase, 5,50,000 units have been issued for project affected people and 82,500 units have been issued for the Nepalese employed abroad.
Out of the total offered shares, 41,250 units have been set aside for the mutual funds and 16,500 units have been set aside for the employees of the company. The general public can apply for the remaining 6,84,750 units.
Applications can be place for minimum 10 units and maximum 10,000 units. The IPO will be issued on April 8 at the earliest and the latter will be on April 25.
Interested investors can apply for the C-ASBA service from the banks and financial institutions participating in the C-ASBA service and their designated branches as well as from CDSC’s My Shares.
RBB Merchant Banking has been appointed as the issue manager for the IPO issuance.
