Today is the Last Day to Apply for Vikas Hydropower Limited’s IPO

Today (Ashar 22) is the final day to apply for the IPO issued by Vikas Hydropower Limited, which opened to the public from Ashar 18.

Earlier, the company had allotted shares in the first phase to project-affected locals and Nepali citizens working abroad. Now, the IPO is open to the general public in the second phase.

The company received approval from the Securities Board of Nepal (SEBON) to issue 49% of its total issued capital of NPR 90.91 crore — equivalent to 44,54,596 shares worth NPR 44.54 crore.

Out of this, 9,09,101 shares were already allotted to project-affected locals and foreign-employed Nepalis on Ashar 5. Additionally, 70,910 shares have been reserved for employees, and 1,77,275 shares for mutual funds. The remaining 29,42,760 shares are open for the general public.

Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.

Prabhu Capital Limited is the issue and sales manager for the IPO.