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Nyadi Hydropower is issuing 22.50 lakh units of initial public offering (IPO) shares to the general public from Ashwin 15

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Nyadi Hydropower is issuing 22.50 lakh units of initial public offering (IPO) shares to the general public from Ashwin 15

To raise Rs 22.50 crore an Public , Nyadi Hydropower Limited would sell 22,50,000 units for Rs 22.50 crore to the general public (Ashwin 15-19, 2078). Because of the early closing date, this will not be fully subscribed until Ashwin 19, and if it is not fully subscribed by that date, the issue will be extended until Ashwin 31, 2078.

There are 45,000 units set aside for company employees and 1,12,500 units set aside for funds out of the total of 22,50,000 units offered to the general public. Two percent of the total of 22,50,000 units have set aside for company employees and five percent of the total of 22,50,000 units have been set aside for mutual funds. The remaining 20,92,500 units are for sale to the general public, according to the manufacturer.

It is possible to submit applications for a minimum of ten units and a maximum of fifty thousand units.

The issue for the initial public offering (IPO) been named as NMB Capital Limited.

Each of the company’s 1,550,000 registered shares is worth $1.50, and 40,50,000 of those shares will be distributed to members of the public (both local and general), as well as to workers of the promoter institutions. In total, this amounts to 27 percent of the company’s paid-up capital.

As a of the IPO, which will be issued in two phases, first to locals and employees of the promoter institutions (18,00,000 units have already been issued), and then to the general public, the company’s promoter:public shareholding ratio will be 73:27, and the company’s paid-up capital will to Rs 1.5 Arba.

In a report published today, CARE Ratings Nepal Limited (CRNL) stated that th

Read the full story at EarnMoney.com.np


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