Kalika Power Company distributing IPO share certificate to project-affected locals of Gorkha from Jestha 20

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    Kalika Power Company Limited is distributing share certificate of Initial Public Offering (IPO) of 6,00,000 unit shares worth Rs 6 crore for the locals of project-affected area of Gorkha District (2.40 lakh for the locals of the most affected area while remaining 3.60 lakh for others) from Jestha 20, 2075. Share allottes can collect the share certificates from the respective collection centers from which they had applied for the issue.

    The most affected areas have been listed as: Muchowk VDC, Sorpani, Takumajh Lakuribot, Masel, Srinathkot, Taple, Nareshwor and Gorkha municipality ward no4, 5 and 13. Ajirkot VDC ward no 4, 5 and 6, Bhimsen VDC ward no 1, Siranchowk VDC ward no 7 and Gorkha municipality ward no 2, 3, 4, 5, 6 and 7.

    The locals form these areas applied for 2.40 lakh unit shares and the remaining people of Gorkha district applied for the remaining 3.60 lakh unit shares. The issue was opened from Magh 21, 2074.

    Kathmandu Capital Market and Global IME Capital were assigned as the joint issue managers for issuing IPO.

    Kalika Power Company operates Daraudi “A” small hydropower project in Gorkha with installed capacity of 6MW. It has been generating electricity since Mangsir 12, 2073.

    Source : Share Sansar