Asian Hydropower Limited is going to issue an Initial Public Offering (IPO) of securities from February 6. The company is about to issue an IPO for the general public after issuing an IPO for the local residents of the project-affected areas and Nepal is working abroad.
The company received approval from the Nepal Securities Board to issue 840,000 ordinary shares. Out of which, 84,000 shares have been issued to Nepalis who are employed abroad. Likewise, 42,000 shares have been reserved for collective investment funds and 16,800 shares for employees. The remaining 697 thousand 200 shares are going to be issued to the general public.
NMB Capital Limited is the issuing and selling manager for the company's IPO. Banks and financial institutions that have obtained C-ASBA membership from the Nepal Securities Board can apply through the Mer0 Share C-ASBA system.
The company's IPO can be applied for until February 14. It is mentioned in the invitation letter of the company that applications can be made for a minimum of 10 shares to a maximum of 20,000 shares in the IPO.
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