KATHMANDU, Feb 6: Supermai Hydropower Limited has opened the issue and sale of ordinary shares to the general public. The company has already issued shares for the local residents affected by the project and the Nepalis who are employed abroad. However, from today it has opened the sale of 415,000 shares for the general public at a fixed rate of Rs 100 per share.
The company has 10% of its issued capital of Rs 500 million and a total of 500,000 ordinary shares worth Rs 500 million, 50,000 shares for Nepalis working abroad, 25,000 shares for collective investment fund and 10,000 shares for employees, remaining 415,000 shares are going to be issued to the general public.
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In the shares issued by the company, investors can apply for the purchase of a minimum of 10 shares to a maximum of 20,000 shares until the 9th February and until 20th February if no application is received during that period.
Sanima Capital Limited is the company's securities issue and sales manager. Interested investors can apply through the 'C-ASBA' system and through 'Mero Share' from ASBA member banks and financial institutions approved by the Nepal Securities Board, the company said. The company has been awarded the 'ICRANP IR BBB-' certificate by ICRA Nepal.
The said company has constructed a 7.8 megawatt Supermai hydropower on the border river "Mai Khola" of Ilam Municipality and Maijogmai Rural Municipality of Ilam.
