Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Yambling Hydropower Company.

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 has already issued 1,05,000 units of shares to the mutual fund and 42,000 units to its employees.

The company is issuing 17,43,000 units of shares worth Rs 17.43 crore to the general public. Applications can be place for minimum 10 units and maximum 21,000 units.

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.