Kalinchowk Hydropower Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Kalinchowk Hydropower Limited has opened its IPO for project-affected locals of Dolakha District and Nepalese citizens working abroad, offering a total of 5,50,000 and 82,500 units of shares respectively.
Key Points
- Kalinchowk Hydropower Limited has commenced its IPO on 13th Falgun, 2082, offering shares to project-affected locals of Dolakha District and Nepalese working abroad.
- The company has an issued capital of Rs. 55 crores with 25% shares allocated to the public, including specific portions for locals and expatriates.
- The IPO period for locals is from 13th to 27th Falgun, potentially extended to Chaitra 12, and for Nepalese abroad from 13th to 17th Falgun, potentially extended to 27th Falgun.
- RBB Merchant Banking Limited manages the issue, and CARE Ratings Nepal Limited reaffirmed Kalinchowk Hydropower's issuer rating as ‘CARE-NP BB (Is)’, indicating moderate default risk.
