Kathmandu. Yambaling Hydropower Company Limited is going to issue IPO to the general public from May 30.

The company is issuing the IPO to the general public after issuing shares to the local residents of the project-affected area and the Nepalese employed abroad.

The company has been allowed to issue 40% of the issued capital i.e. 28 lakh units of shares worth Rs 28 crore. Out of the total offered shares, the company has already issued 7 Lakh units of Ordinary Shares to the locals of the project affected areas and 2,10,000 units to the Nepalese working abroad. The company is issuing 1,05,000 units to the mutual fund and 42,000 units to its employees.

Now, 17,43,000 units of shares worth Rs 17.43 crore will be issued to the general public. Applications can be place for minimum 10 units and maximum 21,000 units. The last date to apply for the IPO is May 22.

Muktinath Capital has been appointed as the issue manager for the IPO issuance. Investors can apply for the shares from the Securities Board of Nepal (SEBON) through the banks and financial institutions that are members of the company.