Daramkhola Hydropower IPO Set to Launch: Your Guide to Investing in Hydropower!
Get ready, Nepal stock market enthusiasts! Daramkhola Hydropower Energy Limited is preparing to release its highly anticipated Initial Public Offering (IPO) to the general public! Starting Shrawan 15, 2082, you can become a shareholder in this exciting renewable energy project.
This IPO represents a significant opportunity to invest in Nepal’s hydropower sector. Daramkhola Hydropower has received the green light from the Securities Board of Nepal (SEBON) to issue a massive 39,50,000 ordinary shares! These shares have a face value of Rs. 100 each, which is a standard in the Nepali stock market. This public offering comprises 38.33 percent of the company’s total issued capital, making it a substantial stake in the hydroelectric power plant.
IPO investors should take note: the company has already conducted pre-offer allocations. A significant number of shares, specifically 10,30,500, have been allocated to project-affected local residents. Additionally, 2,91,150 shares were issued to Nepali citizens working abroad. This IPO news is a great example of how hydro power projects benefit local communities and the Nepali diaspora.
Here’s what you need to know about this upcoming IPO investment opportunity: A total of 29,19,500 shares remain for distribution. Of these, 58,390 shares are reserved for company employees. In addition, 1,45,975 shares are earmarked for mutual funds. The remaining 24,23,185 shares are the prize for the general public, making it a great chance to participate in stock market investment.
The application process is designed to be accessible. Interested investors can apply for a minimum of 10 shares. For those looking to invest more, you can apply for up to a maximum of 50,000 shares. Mark your calendars! The IPO application window will be open from Shrawan 15 to Shrawan 19, 2082. If the IPO subscription isn’t fully realized within this timeframe, the deadline will be extended to Shrawan 29, 2082. Don’t miss out on this investment opportunity in Nepal!
Laxmi Sunrise Capital Limited has been appointed as the issue manager for this upcoming IPO. They will oversee the smooth execution of the IPO process. Keep an eye on their announcements for detailed information and updates regarding this IPO launch.
Investing in IPOs can be a rewarding way to diversify your investment portfolio and participate in the economic growth of Nepal. Daramkhola Hydropower represents a strong opportunity to invest in a sustainable energy project. Make sure you do your own research and consult with a financial advisor before making any investment decisions.
