Kathmandu. Kalinchowk Hydropower IPO is open for the general public. The company has already issued its shares to the locals of the project affected areas and Nepalis who are working abroad.

The company has received permission from the Securities Board of Nepal (SEBON) to issue 13,75,000 units of shares. Out of the total offered shares, 5,50,000 units have been set aside for the local people and 82,500 units for the Nepali migrant workers.

Similarly, 41,250 units have been set aside for the mutual fund and 16,500 units have been set aside for the employees of the company. The remaining 6,84,750 units of shares will be issued to the general public.

Applications can be place for minimum 10 units and maximum 10,000 units. The IPO will be issued to the general public from April 5.

Assessing the company’s financial health, Care Ratings Nepal has assigned a “CareNP Double B” Issue Rating, indicating an average level of risk in its liabilities. RBB Merchant Banking Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can apply for the IPO through Securities Board of India (SEBON) and Bank of India (SEBON) and Mero Shares.