Kathmandu. Today is the last day for the locals to apply for the initial public offering (IPO) issued by Taksar Pikhuwa Khola Hydropower Company.

The company has been permitted to issue 4,230,668 units of shares worth Rs 423,066,800 i.e. 35.26 percent of the issued capital of Rs 1.20 billion. The company has issued 12 lakh units of ordinary shares at a price of Rs 120 million each to the locals of the project-affected area. The company has issued an initial public offering (IPO) to the locals of Bhojpur district.

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

Prabhu Capital has been appointed as the issue manager for the IPO issuance. The locals can bid for the shares from the project office at Bhojpur, Prabhu Bank at Bhojpur, Pauli and Hatuwagadhi branch of Citizens Bank International.

Care Ratings Nepal has assigned CareNP Double B Plus Issue Rating to the company. This indicates that there is an average risk to the company’s ability to meet its obligations.