KATHMANDU, March 4: Pure Energy Limited has issued an initial public offering (IPO) for locals in the affected areas and for the Nepali workers abroad.
The company has issued 160,000 shares at a face value of Rs 100 to locals in the project-affected areas and 1.44 million shares to those who have gone abroad for employment.
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The IPO that opened for project-affected people will allow applicants from the affected areas in Banke. Investors can apply for a minimum of 10 and a maximum of 16,000 shares.
Similarly, those employed abroad can apply for a maximum of 7,200 shares. The IPO for locals in the project-affected areas will be open until March 18 at the earliest and April 2 at the latest. Nepali workers abroad must submit their applications by March 18.
The company's paid-up capital is Rs 800 million. In the rating conducted for the IPO issuance, CARE Ratings Nepal Limited (CRNL) has given the company a Care NP Double B plus Issuer. The company's sales manager is Nabil Investment Banking Limited.
The financial statement indicates that the company has earned a profit of Rs 11.4 million in the first six months of the current fiscal year. The company's earning per share is Rs 0.38, and its net worth per share is Rs 101.43.
