Joshi Hydropower Development Company Limited (JHDCL) is issuing its Initial Public Offering (IPO) of 16,90,470 unit shares worth more than Rs 169 million (Rs 16.90 crores) at the face value rate of Rs 100 per unit share, starting immediately from today Sunday 2nd December 2018 (16th Mangsir 2075). The hydropower company received its approval approval for its IPO issue from Securities Board of Nepal (SEBON) on Thursday 5th November this year 2018 (19th Kartik 2075).
The offering of the shares is open initially only for 4 trading days and will close on as early as this Wednesday 5th December 2018 (19th Mangsir 2075) if all shares are sold, else the closing date is extendible maximum up to Monday 31st December 2018 (16th Paush 2075).
Interested investors must apply for a minimum of 50 unit shares and can apply a maximum of up to 800,000 unit shares. However, it is advisable to apply for only the minimum 50 unit IPO share since mandatory allotment of only 10 units of share will be made to every applicant presumably by lottery system after its oversubscription.
Interested investors must apply for a minimum of 50 unit shares and can apply a maximum of up to 800,000 unit shares. However, it is advisable to apply for only the minimum 50 unit IPO share since mandatory allotment of only 10 units of share will be made to every applicant presumably by lottery system after its oversubscription.
