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Nyadi Hydropower Limited IPO Date

News 24 Sep 2021 1899 0

Nyadi Hydropower Limited IPO Date

Nyadi Hydropower Limited is going to issue IPO to the public from the 15th of Ashoj 2078 ( 1st October 2021). Nyadi Hydropower is about to issue an IPO (Initial Public Offering) worth Rs 225 million. Accordingly, the company will issue 2.25 million units of ordinary shares with a face value of Rs 100 per share.

Out of the total shares to be issued, 2 percent or 45,000 units of shares have been allotted for employees and 5 percent or 112,500 units of shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 20,92,500 units.

The general public can apply for the shares till the 19th of Ashoj. If a full application is not received within that period, the application date will be extended till the 31st of Ashoj. You will have to apply for a minimum of 10 units of shares and a maximum of 50,000 units of shares.

In the rating given for IPO issuance, CARE Rating Nepal has given CARNP Double B Issuer rating to Nyadi Hydropower. This indicates that there is a moderate risk for the company to meet its financial obligations.

The issue and sale manager of Nyadi Hydropower is Global IME Capital Limited. The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by the Nepal Securities Board.