Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Sanigad Hydro Company. Applications can be submitted for the IPO till office hours 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.

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.