Kathmandu. Today is the last day to apply for the IPO issued by Yambling Hydropower Company for the Nepalese who have gone abroad with work permit.

The company has been allowed to issue 40% of the issued capital i.e. 28 lakh units of shares worth Rs 28 crore.

The company is issuing 2,10,000 units of shares worth Rs 2,10,000 each to the Nepalese living abroad after obtaining labour permit.

Applications can be place for 10,000 units to 21,000 units of shares in the IPO.

Muktinath Capital has been appointed as the issue manager for the IPO issuance.

Nepalese who are in foreign employment can apply for the shares through the banks and financial institutions that have taken the services of ‘C Ashwa’ from the Securities Board of Nepal and Mero Shares.