Kalinchowk Hydropower Limited's IPO; Deadline Extended for Project Affected Locals Till Chaitra 12
Summary
Kalinchowk Hydropower Limited has extended the deadline for its IPO subscription for project-affected locals in Dolakha District until Chaitra 12, 2082. Shares are also allocated for Nepalese citizens abroad with defined minimum and maximum application limits.
Key Points
- Kalinchowk Hydropower Limited extended its IPO offer deadline for project-affected locals in Dolakha District until 12th Chaitra, 2082.
- The company’s issued capital is Rs. 55 crores, allocating 25% (13,75,000 shares) to the public.
- 10% of the issued capital (5,50,000 shares worth Rs. 5.50 crores) is reserved for project-affected Dolakha locals.
- RBB Merchant Banking Limited manages the issue, and CARE Ratings Nepal Limited has affirmed a moderate default risk rating for the company.
