Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Super Khudi Hydropower Company.

The company has started issuing the shares to the general public from February 18 by issuing shares to the locals of the project-affected area and the Nepalis who are in foreign employment.

If the IPO has not been submitted as per the demand till date, the application can be submitted till March 20. Applications can be place for minimum 10 units and maximum 1,000,000 units.

The company has been allowed to issue 20% of the issued capital of Rs 1.55 billion i.e. 3.1 million units of shares.

Out of the total offered shares, 15,50,000 units have been set aside for the locals of the project affected areas and 1,55,000 units of ordinary shares for the Nepali migrant workers. Similarly, 77,500 units have been set aside for the mutual funds and 31,000 units have been set aside for the employees of the company. Similarly, the company is issuing 12,86,500 units of shares at a face value of Rs 12,86,50,000 to the general public.

Global IME Capital has been appointed as the issue manager for the IPO issuance. Interested investors can apply for the shares from Securities Board of Nepal (SEBON) and Bank of India (SEBON) and Mero Shares.