Dolti Power Company is closing its IPO for Nepalese Employees Working Abroad |. Project-affected locals’ IPO deadline is extended till 7th Chaitra.
Dolti Power Company Limited has extended the deadline for residents impacted by the project until 7th Chaitra, 2079. And is closing the offer of its IPO to Nepalese people working abroad as of today, 25th Falgun. The issue was started on Falgun 8, 2079.
10%, or 536,486 unit shares worth Rs. 5.36 crores, of the company’s Rs. 53.64 crores in issued capital have been given to Dailekh District residents whom the project will impact.
A later date will see the issuance of 10,72,972 unit shares, representing 20% of the company’s outstanding capital. In this public offering, which closes today, 10% of the shares, or 107,298 units, have been designated for Nepalese nationals working overseas.
Both project-affected locals and Nepali nationals working abroad must submit applications in quantities of at least 10 units and up to 10,000 units.
The issue manager has been named NIC Asia Capital Ltd.
For a total of 484,880 units, 16,589 applications have been received through Nepalese nationals working overseas, according to CDSC. Hence, the problem has a 4.
Dolti Power Company Limited has been given an issuer rating by ICRA Nepal of [ICRANP-IR] BB (pronounced ICRA NP issuer rating double B). When it comes to timely financial obligation servicing, issuers with this grade are thought to have a modest risk of default.
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