KATHMANDU, April 6: Kalinchowk Hydropower Limited (KHL) has issued initial public offerings (IPOs) worth Rs 68,475,000 for the general public.
According to the KHL, it has floated 684,750 unit shares which will be opened for subscription till Wednesday. The hydropower company has appointed RBB Merchant Banking Limited as issue manager.
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The KHL has its issued capital of Rs 550 million. Of the capital, 25 percent (1,375,000 unit shares), has been floated for the public. Out of the total issue capital, 550,000 ordinary shares have already been allocated to local residents of the project-affected areas, 82,500 shares to migrant Nepali workers.
In addition, 41,250 shares have been allocated to collective investment funds, 16,500 shares to employees and the remaining of 684,750 shares have been allocated to the general public.
