Hydroelectricity Investment & Dev. Company share trading begins from today

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    Hydroelectricity Investment & Development Company Limited (HIDCL) had signed an agreement to list its 10 crore units shares at Nepal Stock Exchange Limited (NEPSE) on Ashad 16, 2073. The trading is commencing in NEPSE from today.

    As per the notice published on NEPSE, the open range is set with range from Rs 109 to Rs 328 for the first transaction. The stock symbol for Hydroelectricity Investment & Development Company Limited is set as HIDCL.

    HIDCL had floated its Initial Public Offering (IPO) worth Rs. 2 arba (2 crore unit shares) at Rs 100 face value from Kartik 12 to Kartik 19, 2072.

    The company has authorized capital of Rs 50 arba and issued capital of Rs 10 arba. In the company’s capital structure, Government of Nepal has holding of Rs 5 arba of its issued capital, Rs 2 arbaof general public and Rs 1 arba each of Karmachari Sanchaya Kosh (KSK), Rastriya Beema Sansthan (RBB) and Citizen Investment Trust (CIT).

    HIDCL has appointed Global IME Capital Limited as its Registrar to the Share (RTS).

    Global IME Capital will be providing various share related transactions such as ownership transfer of shares, signature verification, dividend distribution, among others, and all other services related to share registration from its office.

    Source : Share Sansar