Kathmandu. On the first day of the sale, 5 million 71 thousand 640 lots have been applied for in the IPO of Nyadi Hydropower. According to Sales Manager Global IME Capital, applications amounting to Rs. Nyadi Hydropower Limited has launched 2.25 million units at initial public offering (IPO) at a face value of Rs 100 per unit from today.

Out of the ordinary shares to be issued by the company, five percent or one lakh 12 thousand 500 shares have been distributed to the collective investment fund and two percent or 45 thousand shares have been secured to the employees. The general public will be able to apply for the purchase of the remaining 2 million 92 thousand 500 shares from banking time today.

The general public will be able to apply for a minimum of 10 to a maximum of 50,000 lots in the issued shares till September 30.