Chhyangdi Hydropower to issue 2.70 lakh units IPO shares to the locals of Lamjung district from Poush 20; ends on Magh 5

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    Chhyangdi Hydopower Limited will be issuing 2, 70,000 unit shares worth Rs 2.70 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Lamjung district (40% of the total share for highly affected areas Faleni & Bansar VDC, 40% to Chiti, Dhodeni , Nauthar VDC  and remaining 20% to the less affected areas of Lamjung ) from Poush 20, 2073.

    The IPO applications will close on Magh 5, 2073. The maximum closing date for the offer is Magh 20, 2073.

    Interested people must apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share.

    Global IME Capital Limited has been assigned as the issue manager for the IPO issue.

    The authorized capital of the company is Rs 50 crore.  The paid up capital of the company remains at Rs 18.90 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 21.60 crore. Likewise, after the IPO for the locals of project affected area, the company will be floating 5.40 lakh units shares worth Rs 5.40 crore as a part of IPO for the general public then its paid up capital will reach Rs 27 crore

    After the IPO, the promoter-people of affected area (Lamjung district) – public ratio of the company will be 70% to 10% to 20%.

    Chhyangdi was established on September 2, 2007 as a private limited company. The company is developing Chhyangdi Khola Hydropower project (2 MW) in Lamjung district, Nepal.

    Source : Share Sansar

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