Kalanga Hydro Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Kalanga Hydro Limited has started its IPO offering shares to project-affected locals in Bajhang District and Nepalese citizens working abroad, with specific quotas and application periods.
Key Points
- Kalanga Hydro Limited opened its IPO offering 14,00,000 shares to project-affected locals of Bajhang District and 3,50,000 shares to Nepalese citizens working abroad.
- The IPO for locals runs from 10th to 24th Chaitra 2082, potentially extended to Baishakh 09, 2083 if undersubscribed.
- The IPO for Nepalese citizens abroad is from 10th to 15th Chaitra 2082, with a possible extension till 24th Chaitra if undersubscribed.
- Sanima Capital Limited is appointed as the issue manager, and CARE Ratings Nepal Limited has rated Kalanga Hydro Limited as 'CARE-NP BB (Is)'.
- Kalanga Hydro Limited manages a 15.33 MW Kalanga Gad run-of-river hydroelectric project under a BOOT mechanism in Bajhang district.
