Today is the last day to apply for Locals IPO of Sagarmatha Jalbidhyut company the company is closing the IPO Today
From today or, the 5th of Falghun 2079, Sagarmatha Jalbidhyut Company Ltd is Closing the IPO Issue of 11,20,000 Units of IPO shares for the Project-affected locals of the Illam District. This IPO had started on the 5th of Magh 2079.
10% of the company’s issued capital, or 11,20,000 unit shares worth Rs. 11.20 crores, were set aside for Illam District residents who will be impacted by the project.
A later date will see the issuance of 43,68,000 unit shares, or 39% of the company’s outstanding capital.
10% of the shares, or 436,800 units, is reserve for Nepalese employees working abroad in this public offering. Which close on the 19th Magh.
The lowest application quantity for the project’s localities is 10 units, while the maximum application quantity is 10,000 units.
The issue manager is selected as Prabhu Capital Ltd.
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