Last Day to Apply for IPO of Sayapatri Hydropower on Tuesday

1st Aug, 2022 | Tourism Mail Crew

KATHMANDU, Aug 01: Applications for Sayapatri Hydropower Limited's initial public offering (IPO) close Tuesday.

Investors can invest in the ordinary shares (IPO) that the company has opened for public issue and sale till tomorrow.

Investors can apply from all ASWA member banks and financial institutions and their designated branch offices that have received approval from the Nepal Securities Board.

Apart from this, applications can also be made from my share. In this IPO, investors can apply for a minimum of 10 shares to a maximum of 30,000 shares, the company said. The company has already sold and distributed the IPO for the affected people.
The company is going to issue a total of 7 lakh 21 thousand 60 shares, including 1 lakh 21 thousand 60 shares that have not been sold, from those allotted to the project-affected locals.

36 thousand 53 shares representing 5 percent of the total shares have been reserved for the collective investment fund and 14 thousand 421 shares representing 2 percent for employees, while the general public can apply for the remaining 670 thousand 586 shares.