IPO is open from today, everyone can enroll, how many applications?

Sanigad Hydropower Company Limited is starting the application process for its Initial Public Offering (IPO) for general investors from today, Monday. Through this IPO, the company will sell 4674 thousand shares worth Rs 4674 lakh to the general public, of which the face value of each share is Rs 100. Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. The last date to apply for this IPO will be on June 21st, but in special circumstances, the application will be registered until June 1st, the company said.

Earlier, Sanigad Hydro has issued and distributed IPOs for local residents of project affected areas and Nepali nationals working abroad. This important step is completed before the IPO is issued to the general public. The company had received approval from the regulatory body to issue 30 percent of the total issued capital of 2.85 billion rupees, i.e. 8.55 million shares worth 85.5 million rupees. Out of this, 28 lakh 50 thousand shares were allotted to the local residents of the project affected areas and 570 thousand shares were allocated to Nepali citizens working abroad and their distribution has been completed.

Additionally, the company has allotted 171,000 equity shares to its employees and 285,000 equity shares to mutual funds. This IPO, which is now open to general investors, will further strengthen the company's capital collection.