Kathmandu. Bandipur Kewalkar Company is going to issue ordinary shares (IPO). The company has said that it is going to issue the IPO from September 15.

The company has already issued an IPO for the locals of the project-affected areas and nepalis living abroad for employment. After that, it is going to issue shares to the general public.

The company has received permission to issue 20.70 percent of the issued capital of Rs 2.83 billion i.e. 5.86 million units of shares worth Rs 586 million.

A total of 566,000 units of shares have been issued for locals in the project-affected areas and 529,400 units for Nepalis living abroad. Similarly, 158,820 units of shares have been allotted to the employees of the company and 264,700 units to the mutual funds.

The company is issuing 4,341,080 units of shares worth Rs 434.18 million at the rate of Rs 100 per share for the general public.

Applications can be made for a minimum of 10,000 to a maximum of 20,000 units. Applications for the IPO can be made till September 15. If the application is not submitted as per the demand, it will be done on September 15.

The sales manager of the company is Nepal SBI Merchant Banking. The IPO can be applied through banks and financial institutions with C Asba members approved by the Securities Board of Nepal and my shares.