Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Mandakini Hydropower Company Limited (MAHCL) is opening 11,76,073 units of Rs 100 face value of total worth Rs. 11.76 crore as Initial Public Offering to the general public from today i.e 9th Shrawan, 2079. The early closing date of this issue is on 12th Shrawan and if the issue is not fully subscribed then it can be extended up to Shrawan 23, 2079.
Out of the total 11,76,073 units; 2% of the total offered shares i.e. 23,521 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 58,803 units have been set aside for the mutual funds. The remaining 10,93,749 units are for the general public. The paid up capital of the company will reach to Rs. 58.80 Crores after the IPO issuance. This is 20% of the company’s issued capital, 10% is already issued to the project-affected locals of Kaski District. After this IPO, the promoter – public share structure ratio will be 70 : 30.
B.O.K Capital Market is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,00,000 units.
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