Are you looking for an exciting investment opportunity in the Nepalese stock market? Daramkhola Hydro Energy Limited has officially launched its Initial Public Offering (IPO) today, offering a chance for the public to invest in renewable energy! This is a significant event for those looking to buy IPO shares and diversify their investment portfolio.
The company is offering a total of 3,950,000 ordinary shares, with a face value of NPR 100 per share. This offering represents 38.33% of the company’s issued capital and has been approved by the Securities Board of Nepal (SEBON).
IPO Allocation Breakdown:
- Affected Area Residents: 1,030,500 shares have already been allocated.
- Nepalese Workers Abroad (Foreign Employment): 291,150 shares have already been allocated.
- General Public: 2,919,500 shares are available, from which:
- Employees: 58,390 shares are reserved for employees.
- Mutual Funds: 145,975 shares are allocated for mutual funds investment.
- General Public: The remaining 2,423,185 shares are open for public subscription.
How to Apply for the Daramkhola Hydro IPO:
Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO application period starts today, [Date – Add the current date – e.g., July 31st] and will continue until [Date – Add the last date – e.g., August 4th], 2024. However, if the IPO is not fully subscribed, the deadline could be extended to [Date – Add the extended last date – e.g., August 14th]. Applying for an IPO is a straightforward process, usually done through your demat account and the meroshare platform.
Key Details to Remember:
- Company: Daramkhola Hydro Energy Limited
- Type: Initial Public Offering (IPO)
- Total Shares: 3,950,000
- Face Value: NPR 100 per share
- Minimum Application: 10 shares
- Maximum Application: 50,000 shares
- Application Deadline: [Date – Add the date] (May be extended to [Date – Add the extended date])
- Issue Manager: Laxmi Sunrise Capital
Why Invest in Daramkhola Hydro?
Investing in hydropower projects in Nepal offers the potential for strong returns on investment (ROI). This IPO presents an opportunity to participate in the growth of the Nepalese energy sector. Investing in IPOs can be a great way to get in early on a promising company. Become an investor and take a step towards financial growth and a brighter future! Be sure to do your due diligence before investing in the stock market.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Always conduct thorough research and consult with a financial advisor before making any investment decisions. IPO investing involves risk, and you could potentially lose money. Stock market analysis is important when making any stock investment. Good luck to all IPO applicants!
