Kathmandu. Yambling Hydropower Limited (YMC) is going to open its initial public offering (IPO) for the general public from April 29. The company has already opened the IPO for project-affected locals and Nepali migrant workers abroad in the first phase. The company is going to issue IPO to the general public by allocating its shares to employees and mutual funds.
The company will issue an initial public offering (IPO) worth Rs 17.43 crore. A total of 17,43,000 units of shares will be issued at a face value of Rs 100.
Applications can be place for minimum 10 units and maximum 21,000 units. The applications can be submitted from the banks and financial institutions participating in the C-ASBA service and my shares of CDSC.
The IPO will close on May 22 at the earliest and at the latest, it will be on May 30 after the banking hours. Muktinath Capital has been appointed as the issue manager for the IPO issuance.
