Maya Khola Hydropower Company is going to issue the primary share ‘IPO’ for the general public from today, 27th of January (magh13).
19 lakh 92 thousand shares have been sold to the general public. The company has set aside 34 percent of its issued capital of one billion, ie 34 million rupees, for the general public.
10 percent of the issued capital i.e. 10 crore rupees has already been issued for local affected residents. Similarly, 2.4 million shares were issued for Nepalis who are employed abroad. Similarly, 12,000 unit shares have been sold to mutual funds. 48,000 shares have also been allotted to the employees of the company. The remaining 19 lakh 92 thousand shares were sold to the general public.
From this, 1 lakh 99 thousand 200 people will get shares at the rate of 10 shares. General public can apply for a minimum of 10 shares to a maximum of one lakh shares.
The company will issue shares as soon as January 31th (magh 17). General public can apply through the online application of Mero Share as well as all the banks and financial institutions that provide ASBA facilities. Prabhu Capital is the manager of the securities issue and sale.
After the IPO issue, the company’s paid-up capital will reach one billion rupees. In which 10 percent of the locals and 34 percent of the general public including Nepalis who have gone abroad for employment. The company has constructed a 14.9 megawatt hydropower project in Sankhuwasabha district.