Last Day to Apply for Taksar Pikhua Khola Hydropower Limited IPO for Local Residents

Taksar Pikhua Khola Hydropower Limited’s IPO, which was opened for issue and sale from Falgun 27, has today (Chaitra 11) as the last day for applications from local residents of the project-affected area. Taksar Pikhua Khola Hydropower Limited had received approval to issue 4.23 million shares worth Rs. 423.06 million, equivalent to 35.26 percent of its issued capital of Rs. 1.20 billion. Out of this, 1.2 million ordinary shares worth Rs. 120 million were allocated specifically for local residents of the project-affected areas in Bhojpur District. Applicants can apply for a minimum of 10 shares and a maximum of 50,000 shares. The company has received a CARE-NP Double B Plus issuer rating from CARE Ratings Nepal, indicating an average level of risk. The 8 MW Taksar Pikhua Khola Hydropower Project has a total cost of Rs. 1.88 billion, and the issue and sales manager for the IPO is Prabhu Capital Limited. Local residents can submit applications through the issue manager as well as branches of Prabhu Bank and Citizens Bank International in Bhojpur.