Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Taksar Pikhuwa Khola Hydropower Limited.

The company is issuing 2,515,455 units of shares at a face value of Rs 100 per share to the general public.

Applications can be place for minimum 10 units and maximum 5000 units. The company has issued 35.26 percent of the issued capital of Rs 1.20 billion i.e. Rs 423 million 66 thousand 800. The company was allowed to issue 4,230,668 units of shares.

Out of the offered shares, 12 Lakh units have been set aside for the locals of the affected area and 3,03,067 units of ordinary shares have been allotted to the Nepalese working abroad after obtaining labour permit from the concerned body of the government.

Similarly, the company has set aside 1,51,533 units for mutual funds and 60,613 units for the employees of the company. Prabhu Capital has been appointed as the issue manager for the IPO issuance.