Kathmandu. Today is the last day for the locals to apply for the initial public offering (IPO) issued by Suryakunda Hydro Electric Company.

Applications can be submitted for the IPO only till office hours today. The company has started issuing IPO for the locals of the project-affected areas from December 9.

The company is issuing 13,79,350 units of shares worth Rs 13,79,35,000 i.e. 20% of the issued capital of Rs 68,96,74,400. Out of this, 689,675 units of shares worth Rs 6,89,67,500 were issued to the locals of the project-affected areas. All the locals of Dupcheshwor Rural Municipality of Nuwakot district can apply.

Applications can be place for minimum 10 units and maximum 50,000 units.

The interested bidders can bid for the shares from Kumari Capital Limited and Jyoti Bikas Bank’s Samundratar branch, Agriculture Development Bank’s Khairenitar branch, Rastriya Banijya Bank’s Khairenitar branch, Trade Tower, Thapathali registered office and Dupcheshwor Rural Municipality.