Dolti Power Company is going to issue IPO shares to Locals of Dailekh District and Nepalese Employed Abroad from the 8th of Falgun.
Dolti Power Company is publishing an offer letter to issue an IPO to the Project affected locals and Nepalese employees working abroad.
The project-affected Dailekh District residents and Nepalese nationals employed overseas. Have received an offer letter from Dolti Power Company to participate in an Initial Public Offering (IPO).
The initial public offering (IPO) for residents and Nepalese nationals working abroad are available from 8th Falgun to 25th Falgun, 2079. Keep in mind that for Dailekh District residents, the IPO issue can exten till the seventh Chaitra if the early closing date is not met. The problem won’t postponed through the early closure date for Nepalese nationals employe overseas.
10%, or 536,486 unit shares worth Rs. 5.36 crores, of the company’s Rs. 53.64 crores in issued capital have given to Dailekh District residents impacted by the project.
A later date will see the issuance of 10,72,972 unit shares. Representing 20% of the company’s outstanding capital. 10% of the shares, or 107,298 units, of this public offering. Have designate for Nepalese nationals working abroad; the offering will begin on the previous date.
Both project-affected locals and Nepalese nationals working abroad should submit applications in quantities of at least 10 units and up to 10,000 units.
The issue manager is NIC Asia Capital Ltd. After this IPO, the promoter-public share ratio will be 70:30.
Dolti Power Company Limited has been given an issuer rating by ICRA Nepal of [ICRANP-IR] BB (pronounced ICRA NP issuer rating double B). The prompt servicing of financial obligations poses a modest risk of default for issuers with this grade.
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