Kathmandu. Yambaling Hydropower Limited has extended the deadline to apply for the initial public offering (IPO) from March 24. The company can now apply for the IPO till April 23, 2083.

The company has been permitted to issue 40% of the issued capital i.e. 28 lakh units of shares worth Rs 28 crore. The company is issuing 2,10,000 units of shares worth Rs 2,10,000 each to the Nepalese living abroad after obtaining labour permit.

Applications can be place for 10,000 units to 21,000 units of shares in the IPO. Muktinath Capital has been appointed as the issue manager for the IPO issuance. Nepalese who are in foreign employment can apply for the shares through the banks and financial institutions that have taken the services of ‘C Ashwa’ from the Securities Board of Nepal and Mero Shares.