Daramkhola Hydro Energy IPO Opens Tomorrow: Your Guide to Investing in Nepal’s Stock Market
Are you looking to invest in the Nepalese stock market? Daramkhola Hydro Energy Limited is set to release its Initial Public Offering (IPO) for the general public starting tomorrow! This is a great opportunity for new investors and seasoned traders to participate in the growth of Nepal’s hydropower sector.
The company is issuing 3,950,000 units of ordinary shares at a face value of Rs. 100 per share. This has been approved by the Securities Board of Nepal (SEBON). Prior to this, the company already allocated shares to project-affected individuals (1,030,500 shares) and Nepali citizens working abroad (291,150 shares).
How to Invest in Daramkhola Hydro IPO:
The total offering for the general public is 2,919,500 shares. Out of this, 58,390 shares are reserved for company employees, and 145,975 shares are allocated for mutual funds. The remaining 2,423,185 shares are available for general public subscription.
Investment Details:
- Minimum Investment: You can apply for a minimum of 10 shares.
- Maximum Investment: The maximum application limit is 50,000 shares.
- Application Period: The IPO is open for subscription from tomorrow, [Insert Date] (Sawan 15th) to [Insert Date] (Sawan 19th).
- Extension: If the IPO is not fully subscribed within the initial period, the deadline can be extended to [Insert Date] (Sawan 29th).
Key Information:
- IPO Manager: Laxmi Sunrise Capital is the issue manager for this IPO. They are responsible for managing the entire IPO process, from application to allotment.
- IPO Application Process: Learn how to apply for an IPO through your Mero Share account or your bank. IPO application is now made easy by utilizing the online platforms.
- IPO Allotment and Checking IPO Results: After the subscription period ends, the IPO allotment will take place. Keep an eye on the official channels and the issue manager’s website to check your IPO results and understand the IPO allotment process.
- Upcoming IPOs: Stay updated with the latest IPO news by looking at different financial news sources and the SEBON website.
Why Invest in Hydro Projects?
Investing in hydropower offers potential for long-term growth, and aligns with the Nepalese government’s focus on renewable energy. As Nepal’s energy needs continue to increase, hydro projects like Daramkhola Hydro Energy are critical in the economic growth of the nation. Investing in IPO is one of the best ways for financial freedom
Disclaimer: Investing in IPOs carries inherent risks. Research the company and its financial performance before making an investment decision. This article is for informational purposes only and should not be considered financial advice. Consult with a financial advisor before making any investment decisions. Good luck with your IPO application and investments in Nepal!
