Nyadi Hydropower's IPO to go on sale on September 30 (Ashoj 15)

Sep Sat 2021 03:28:44

146 views

Nyadi Hydropower's IPO to go on sale on September 30 (Ashoj 15)

Kathmandu. Nyadi Hydropower Limited is going to open IPO issue and sale from October 30. The company has raised Rs. A total of 2.25 million IPOs worth Rs 225 million at the face value of Rs 100 each will be issued. Out of the total shares to be issued, 2 percent or 45,000 shares have been allotted for employees and 5 percent or 112,500 shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 2 million 92 thousand 500 lots.

The general public can apply for the IPO till September 6. If the full application is not received within that period, they can apply till 31st September. A minimum of 10 lots will have to be applied for in the IPO and a maximum of 50,000 lots of shares can be applied for.

The company has been given CareNP Double B Issuer rating by Care Rating Nepal. This indicates that there is a moderate risk for the company to meet its financial obligations.