CDS & Clearing Limited (CDSC) has provided an update on the public IPO collection of Hathway Investment Nepal Limited as of 10 am on Bhadra 24.
Hathway Investment Nepal Limited had initiated the issuance of 24,27,750 unit IPO shares, each with a face value of NPR 50, to the general public starting from Bhadra 21, 2080. The closing date for this IPO is scheduled for Bhadra 25, with the possibility of an extension up to Ashwin 4, 2080, if the issue remains undersubscribed.
Hathway Investment Nepal Limited has a total issued capital of Rs. 1.17 Arba, out of which 12.50%, equivalent to 29,25,000 unit shares, is allocated for the public, including Nepalese citizens working abroad. Among these shares, 10% (292,500 units) are earmarked for Nepalese citizens working abroad, 2% (58,500 units) for the company’s employees, and 5% (146,250 units) for mutual funds. The remaining 24,27,750 units are reserved for the general public.