Kathmandu. Sanigad Hydro Company Limited is issuing initial public offering (IPO) to the general public from today.

The company has issued its shares to the general public after issuing shares to the locals, Nepalis working abroad and employees of the company.

The company is issuing 46,74,000 units of shares at a price of Rs 100 per share.

Applications can be place for minimum 10 units and maximum 20,000 units. Applications can be submitted till June 21. If the application is not received as per the demand within this period, the application can be submitted till June 1.

The company has been permitted to issue 8.55 million units of shares i.e. 30% of the issued capital of Rs 2.85 billion.

Out of the total offered shares, 5,70,000 units have been set aside for the employees of the company, 1,71,000 units have been set aside for the employees of the company and 2,85,000 units have been set aside for the mutual funds.

The applicants can apply for the IPO through Securities Board of India (SEBI) and Mero Shares. Laxmi Sunrise Capital has been appointed as the issue manager.