IPO of Panchakanya Mai Hydropower for project affected local residents extended till Magh 23


    Panchakanya Mai Hydropower Limited (PMHL) had floated Initial Public Offering (IPO) for the project affected local residents from Magh 5. The IPO was supposed to close on Magh 19 (tomorrow) but it has been extended till Magh 23 on the request of the local residents.

    The hydropower company has allocated 11,00,000 units shares worth Rs 11 crore at par value of Rs 100 per unit to the projected affected local residents of Sandakpur Rural Municipality and Ilam Municipality from Magh 5, 2074.

    The minimum number of shares an individual must apply is 20 units whereas maximum number of shares an individual can apply is 5,500 units.

    Sunrise Capital Limited and Nabil Investment Banking Limited have been assigned as the issue manager.

    Hence, the applicants can apply till Magh 23, 2074 within the banking hours.

    Source : Share Sansar