Daramkhola Hydro IPO: Your Guide to Investing in Hydropower in Nepal!
Are you ready to jump into the exciting world of Nepali stock market investments? Daramkhola Hydro Energy Limited is set to release its Initial Public Offering (IPO) on July 30th, offering a fantastic opportunity for investors to gain exposure to the hydropower sector in Nepal. This blog post will break down everything you need to know about the Daramkhola Hydro IPO, helping you make informed decisions about your investment portfolio.
Daramkhola Hydro IPO Announcement: Key Details
Daramkhola Hydro is offering a significant number of shares to the general public. The company has received approval from the Nepal Securities Board (SEBON) to issue 3,950,000 ordinary shares, each with a face value of NPR 100. This represents 38.33% of the company’s total issued capital.
Prior Allocations & Allocation Structure
Before opening the IPO to the general public, Daramkhola Hydro has already allocated shares to specific groups. A total of 1,030,500 shares were allocated to project-affected people, and 291,150 shares were allocated to Nepali citizens working abroad.
Now, let’s dive into the IPO allocation structure for the general public:
- A total of 2,919,500 shares will be issued to the public.
- 58,390 shares are reserved for company employees.
- 145,975 shares are reserved for mutual funds.
- A whopping 2,423,185 shares will be available for general public investors!
How to Apply for the Daramkhola Hydro IPO
Investors can start applying for the Daramkhola Hydro IPO from July 30th. The minimum application is for 10 shares, with a maximum limit of 50,000 shares per applicant. The deadline for IPO application is August 4th. If the IPO isn’t fully subscribed, the deadline may be extended to August 14th. This gives investors plenty of time to consider their options and make their investments.
Key Dates & Information
- IPO Opening Date: July 30th
- Application Deadline: August 4th (or August 14th if extended)
- Minimum Application: 10 shares
- Maximum Application: 50,000 shares
- Selling Manager: Laxmi Sunrise Capital
Why Invest in the Hydropower Sector?
Hydropower is a vital part of Nepal’s economy. Investing in hydropower IPOs offers opportunities for long-term growth. With Nepal’s abundant water resources, hydropower projects are poised for significant development. This IPO offers an excellent chance to be a part of Nepal’s economic growth by investing in the renewable energy sector.
How to Apply for the IPO
You can apply for the Daramkhola Hydro IPO through various mercantile banks and financial institutions. Contact your broker for details on the application process. Ensure you have your Demat account and CRN (C-ASBA Registration Number) ready before starting the IPO application.
Disclaimer: This blog post is for informational purposes only and is not financial advice. Please consult with a financial advisor before making any investment decisions. Always conduct your own due diligence and research on the company, Daramkhola Hydro, and the hydropower sector before investing. IPO investments involve risk, and past performance is not indicative of future results.
