Daramkhola Hydro Energy Limited IPO Opens for Public: Your Guide to Investing in Nepal’s Hydropower Sector!
Exciting news for Nepali investors! Daramkhola Hydro Energy Limited has launched its Initial Public Offering (IPO) today, Shrawan 15. This presents a fantastic opportunity for both new and seasoned investors to participate in the growth of Nepal’s hydropower industry. This IPO in Nepal offers a chance to invest in renewable energy, a sector with significant growth potential in the country.
The company is offering a substantial 38.33% of its issued capital, equivalent to 3,950,000 ordinary shares, each with a par value of Rs. 100. This follows approval from the Securities Board of Nepal (SEBON). The Daramkhola Hydro Energy Limited IPO is a significant event for the Nepali stock market.
Prior to the public offering, shares were allocated to specific groups. Affected individuals received 1,030,500 shares, and Nepali citizens working abroad were allocated 291,150 shares. Now, the IPO is open to the general public.
A breakdown of the IPO details shows the following: out of the 2,919,500 shares now available for public subscription, 58,390 shares are reserved for employees, and 145,975 shares are allocated for mutual funds. This strategic allocation helps broaden investor participation and helps ensure a healthy stock market response.
That leaves a generous 2,423,185 shares available for the general public. This investment opportunity allows everyone to invest in hydropower and contribute to Nepal’s sustainable development.
How to Apply for the Daramkhola Hydro Energy Limited IPO
Interested investors can apply for a minimum of 10 shares. There’s also flexibility, as applications are accepted up to a maximum of 50,000 shares. The deadline for applications is Shrawan 19. However, if the IPO isn’t fully subscribed by then, the deadline could be extended to Shrawan 29, offering more time for investors to participate. Keep up with all the IPO news and stock market updates!
Important Information About the IPO:
- Company: Daramkhola Hydro Energy Limited
- Offer: Initial Public Offering (IPO)
- Share Price: Rs. 100 per share
- Application Deadline: Shrawan 19 (with possible extension to Shrawan 29)
- Issue Manager: Laxmi Sunrise Capital
Investing in an IPO like this is an excellent way to diversify your investment portfolio and participate in Nepal’s economic growth. For up-to-date information and details on how to apply, consult with a licensed financial advisor or visit the official website of the issue manager, Laxmi Sunrise Capital, or use other investment platforms. Stay informed about Nepali stock market trends and make informed investment decisions. Don’t miss out on this opportunity to invest in Nepal’s future!
