Kathmandu. Suryakunda Hydro Electric Company Limited (Suryakunda Hydroelectric Company) is issuing Initial Public Offering (IPO) to the general public from today.

The company is issuing 5,72,431 units of shares at a price of Rs 100 each to the general public.

The company has been permitted to issue 13,79,350 units of shares worth Rs 13,79,35,000 i.e. 20% of the issued capital of Rs 68,96,74,400. The company has allotted 34,484 units to mutual fund and 13,793 units to employees.

Applications can be place for minimum 10 units and maximum 50,000 units. The last date to apply for the IPO is February 21. According to Kumari Capital, the issue manager of the company, if the application is not received as per the demand within the stipulated period, the applicant can apply till February 17.

The interested bidders can apply for the IPO from Securities Board of Nepal (SEBON) and Bank of India (SEBON) and Mero Shares.