Kathmandu. Super Khudi Hydropower Company Limited is issuing initial public offering (IPO) to the general public from today.

The company has already issued shares to the locals and foreign workers of the project-affected areas. After that, it was released to the public. The company has been allowed to issue 20% of the issued capital of Rs 1.55 billion i.e. 3.1 million units of shares.

Out of the total offered shares, 15,50,000 units have been set aside for the locals of the project affected areas and 1,55,000 units of ordinary shares for the Nepali migrant workers. Similarly, 77,500 units have been set aside for the mutual funds and 31,000 units have been set aside for the employees of the company. Similarly, the company is issuing 12,86,500 units of shares at a face value of Rs 12,86,50,000 to the general public.

Applications can be place for minimum 10 units and maximum 1,000,000 units. Applications can be submitted till February 24. If the application is not received as per the demand within the stipulated period, the application can be submitted till March 20. Global IME Capital has been appointed as the issue manager for the IPO issuance. Interested investors can apply for the shares from Securities Board of Nepal (SEBON) and Bank of India (SEBON) and Mero Shares.