When will the IPO of Dordi Khola Hydropower Company open?

The IPO of Dordi Khola Hydropower Company Limited is scheduled to open on May 26.

Interested investors can apply for a minimum of 10 lots and a maximum of 17 million lots. The share company has opened an IPO for the project-affected locals.

The company will issue an IPO worth Rs 21caror 95 million. It will issue 2,195,509 ordinary shares at the face value of Rs 100 per share. Out of which 5 percent or 1 lakh 9 thousand 775 shares have been allocated for collective investment fund and 3 percent or 65 thousand 865 shares for employees.

In addition, 1 million 19 thousand 869 lots will be open to the public. Applications can be submitted till 31st of June. If all the shares are not sold within that period, the company has stated that they can apply till July 31

Rating agency Care Rating Nepal has awarded Dordi Khola’s IPO ‘Care NP IR Double B Minus’. Which indicates an average risk in the company’s ability to bear responsibility. Siddhartha Capital is the sales manager in this IPO. Shares can be filled through C-ASWA Banks and Financial Institutions and My Shares.