Maya Khola Hydropower Company Ltd is Closing its IPO to the Nepalese Employed Abroad: Extension of the deadline to Poush 24 for project-affected locals. From today within office hours, or Poush 08, Maya Khola Hydropower Company Limited is going to close its initial public offering (IPO) to Nepalese people who are working overseas. Locals who are impact through the project now have until 24 Poush 2079 to submit their applications, according to the firm. On the 23rd of Mangsir 2079, the company had open its IPO.
10%, or 10,00,000 unit shares worth Rs. 10 crores, of the company’s Rs. 1 Arba in issued capital have give to Sankhuwasabha District residents who would impacted by the project. In the meanwhile, 24,00,000 unit shares, or 24% of the company’s outstanding capital, will make subsequently available to the general public. 10% of the 2,40,000 total shares, or 2,40,000 shares, of this public offering, have designate for Nepalese nationals working overseas.
After this IPO, the promoter-public ratio will be 66:34. Prabhu Capital Limited is the issue manager of this Company. The minimum and maximum application quantities for the project’s impacted areas are 10 and 100,000 units, respectively. The minimum and maximum application quantities for Nepalese nationals working abroad are 10 and 50,000, respectively.
For a total of 720,820 units, 8251 applications from Nepalese nationals working abroad are received, according to CDSC. Consequently, the issue has had a 3.003-time oversubscription thus far. ICRA Nepal has confirmed Maya Khola Hydropower Company Limited’s issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B negative). For issuers with this grade, the quick servicing of financial obligations is commonly consider to offer a minimal default risk.
Download or View the Notice below: – Maya Khola Hydropower Company Ltd is Closing its IPO to the Nepalese Employed Abroad: Extension of the deadline to Poush 24 for project-affected locals
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