Kathmandu. Today is the last day to apply for the IPO issued by Shikhar Power Development Company.

Applications can be submitted for the IPO only till office hours today. The company had issued the IPO from March 30.

The company has issued the IPO to the general public in the second phase after issuing the IPO of the project-affected locals and Nepalis working abroad.

The company has been allowed to issue 32.65% of the issued capital i.e. 32 lakh units of shares worth Rs 32 crore. j

The company has already issued 9,80,000 units of ordinary shares to the residents of the project affected area on the basis of the details in the Environmental Impact Assessment Report (EIA) and 1,11,000 units to the mutual funds.

In the second phase, the company has allotted 44,400 units for its employees and the remaining 18,42,600 units shares worth Rs 18,42,60,000 will be issued to the general public.

Applications can be place for minimum 10 units and maximum 10,000 units. Global IME Capital has been appointed as the issue manager for the IPO issuance. The general public can apply for the IPO through C-ASBA member banks and financial institutions and Mero Shares.