Taksar Pikhuwa Khola IPO issue date public.

Taksar Pikhuwa Khola Hydropower Limited is going to issue IPO from Baisakh 23rd. After distributing the IPO to the residents of the project-affected areas and Nepalis working abroad, the company is now going to offer the opportunity to buy shares to general investors. Earlier, the company had received permission to issue 4233 thousand 668 shares worth 423 million 66 thousand 800 rupees, equivalent to 35.26 percent of the issued capital of 1 billion 20 million rupees.

Out of the total shares, 1.2 lakh shares have been distributed to the local residents of the project affected areas, 3 lakh 3 thousand 67 shares to Nepalis working abroad, 1 lakh 51 thousand 533 shares to the collective investment fund and 60 thousand 613 shares to the employees of the company. In the new issue, investors can apply for a minimum of 10 shares to a maximum of 50,000 shares. The issue of shares will start from Baisakh 23rd and close on May 6th.

During the rating of this IPO, Care Rating Nepal has given the company a 'CareNP Double B Plus' issuer rating, which indicates that the company has a moderate risk in its ability to carry its obligations. Prabhu Capital Limited will be responsible for issuing and selling shares of the company. Interested investors can participate in the application process through the C-ASBA system in banks and financial institutions licensed by the Nepal Securities Board.