Darmakhola Hydro's IPO Opens Today: Who Can Apply?

Kathmandu — Darmakhola Hydro Energy Limited has officially begun the process of issuing its Initial Public Offering (IPO). The company is targeting residents affected by the project and Nepalis in foreign employment in this first phase of the IPO.

The project aims to sell shares worth 39 crore 50 lakh out of a total issued capital of 1 arba 3 crore 5 lakh, with 38.33 percent assigned for this purpose. The company has received approval from the Securities Board to issue a total of 39 lakh 50 thousand shares at a price of 100 rupees per share.

Among the total shares, 10 lakh 30 thousand 500 shares have been reserved for local residents affected by the project in Musikot Municipality of Gulmi District, Galkot Municipality of Baglung, and Bodigad Municipality.

Additionally, out of the remaining 29 lakh 19 thousand 500 shares, 2 lakh 91 thousand 950 shares are set aside for Nepalis in foreign employment. 58 thousand 390 shares are reserved for employees, 1 lakh 45 thousand 975 for collective investment funds, and the remaining 24 lakh 23 thousand 185 shares are open to the general public.

Nepalis in foreign employment and local residents affected by the project can apply for a minimum of 10 shares and a maximum of 50 thousand shares. They will be able to submit their applications until Bhadra 23. If sufficient applications are not received during this period, locals will have the opportunity to apply until Shrawan 6.

Nepalis in foreign employment can apply through C-ASWA member banks and financial institutions or using the 'Mero Share' system. Local residents can apply through collection centers approved by Global IME Bank's Wami branch, Laxmi Sunrise Bank's Galkot branch, Prabhu Bank's Galkot branch, and the Darmakhola powerhouse.

Laxmi Sunrise Capital will act as the sales manager for this IPO.

Daramkhola IPO Details (Local)

Daramkhola IPO Details (Migrant Workers)

Daramkhola IPO Details (General Public)