The general public can apply for the IPO of Super Khudi Hydropower Limited from today.

Kathmandu. Super Khudi Hydropower Limited has opened its initial public offering (IPO) for the general public from today. The company is issuing a total of 12,86,500 units of ordinary shares to the general public.

Out of the total offered shares, 77,500 units have been set aside for the mutual funds and 31,000 units have been set aside for the employees of the company. The general public can apply for the remaining shares. Applications can be place for minimum 10 units and maximum 1,00,000,000 units.

The interested bidders can bid for the IPO from ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their designated branches. In addition, the investors can apply online through the ‘My Share’ system.

According to the company, the IPO will be open till March 24 at the earliest and till March 29 at the latest. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.

The company had received approval from the Securities Board of Nepal (SEBON) to issue 2 million units of ordinary shares at a face value of Rs 100 per share. As per the approval, the company has issued the IPO in the first phase for the Nepali nationals who have been working abroad since January 22 and the local residents of the project-affected areas.