Kathmandu. Darmkhola Hydro Energy Company has issued an initial public offering (IPO) for the general public from today.

The company has issued 2,423,185 units of shares worth Rs 242,318,500 per share to the general public.

Applications can be made from a minimum of 10 to a maximum of 50,000 units. Applications for the IPO can be made till July 15. If the application is not received as per the demand during this period, the application can be submitted till August 15.

In the first phase, the company issued shares to the project-affected locals and Nepalis living abroad for employment.

The company had received permission to issue 3.95 million units of shares worth Rs 395 million i.e. 38.33 per cent of the issued capital of Rs 1.03 billion.

The company has already issued 1,030,500 units of ordinary shares worth Rs 103.05 million to the locals of the project-affected areas and 291,950 units of ordinary shares worth Rs 29,195,000 to Nepalis living abroad after obtaining labour clearance. The company has allotted 58,390 units for employees and 145,975 units for mutual funds.

Laxmi Sunrise Capital is the issue manager of the company. Investors can apply from the Securities Board of Nepal through the banks and financial institutions that are members of The Securities Board of Nepal and my shares.