Kathmandu. Yambaling Hydropower is going to open the IPO sale to the general public from April 16 in the second phase. The company has already opened the IPO for the project-affected locals and Nepalis who are in foreign employment in the first phase. Now, the company is going to bring the IPO to the general public by allocating shares to employees and collective investment funds.
The company will issue an IPO worth Rs 17.43 crore to the general public. A total of 17,43,000 units of shares will be issued at a face value of Rs 100.
The general public can apply for the IPO from a minimum of 10 units to a maximum of 21,000 units. Applications can be made from banks and financial institutions participating in the C-ASBA service approved by the Securities Board of Nepal and my shares of CDSC.
The IPO will close on May 22 at the earliest and at the end of the banking hours on May 30. Muktinath Capital has been appointed as the issue manager for the IPO of Yambaling Hydropower.
