Opening from tomorrow, everyone can apply for IPO, how many applications?

Yambaling Hydropower Limited is going to issue ordinary shares (IPO) for general investors from tomorrow 16th Baisakh. The company, which has previously distributed IPO for the residents of project-affected areas and Nepalis working abroad, is now going to give investment opportunities to ordinary citizens. The company got permission to issue 2.8 lakh shares worth Rs. 28 crore, which is 40 percent of the total issued capital of Rs. Out of this, 700,000 shares were allocated for project-affected locals and 200,000 shares for Nepalese working abroad, which have already been distributed. In addition, 1 lakh 5 thousand shares have been allotted to the collective investment fund and 42 thousand shares to the employees of the company.

Now in the second phase, the company is going to issue 1.743 thousand shares worth Rs. 17.43 million to general investors. In this IPO, you can apply for a minimum of 10 shares and a maximum of 21,000 shares. The share issue process will be closed on May 22. Muktinath Capital Limited will be responsible for this issuance and sales manager.