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Kalinchowk Hydropower to issue IPO from February 13 

. Kalinchowk Hydropower Company Limited is going to issue IPO from February 27. The company is issuing the IPO to the locals of the project-affected area and Nepalis who are employed abroad.

The company will issue an IPO worth Rs 5.5 crore for the locals of the project-affected area. The company is issuing 5,50,000 units of shares at Rs 100 each to the locals of the project-affected area.

The company was allowed to issue 13,TAG_OPEN_div_12 75,000 units of shares worth Rs 13.75 crore, which is 25% of the issued capital of Rs 55 crore. Bigu Municipality Ward No. and Kalinchowk Rural Municipality Ward No. 8. Local residents of wards 1 and 2 can apply.

Similarly, the company is issuing 10 percent of the shares allotted to the general public and worth Rs 82.5 million for Nepalese working abroad.TAG_OPEN_div_10

Nepalese working abroad can apply for 82,5 TAG_OPEN_div_8 00,000 units of ordinary shares at a face value of Rs 100 per share.

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