Kathmandu. Suryakunda Hydro Electric is going to open its initial public offering (IPO) to the general public from February 1.
In the second phase, the company will be issuing 5,72,431 units of shares at a face value of Rs 100 to the general public. The company has set aside 34,484 units for mutual fund and 13,793 units for employees.
Applications can be place for minimum 10 units and maximum 1000 units. The applications can be submitted from the banks and financial institutions participating in the ASBA service and their branches as well as from CDSC’s My Share.
The IPO of Suryakunda Hydro will be issued on February 4 at the earliest and on February 14 at the latter. Kumari Capital Limited has been appointed as the issue manager for the IPO issuance.
