Mai Khola Hydropower Project has started issuing the IPO to the Locals impacted and Nepalis working overseas. Mai Khola Hydropower Corporation will release its first public offering to the project-affected residents of Ilam District and Nepalese people abroad from 25th Falgun till its closing on 9th Chaitra, 2079.

Notice Date: March 14, 2023

A private company called Mai Khola Hydropower Project was established in 2073 B.S. The first (pilot) project of Mai Khola Hydropower Ltd., the Super-Mai Cascade Hydropower Project (3 Mw), will start soon. Its goal is to extract water from the 7.8 MW Tailrace Canal of the Super Mai Hydropower Project to generate 18.30 GWh of electricity.

Mai Khola Hydropower Project Locals impacted and Nepalese working overseas can now access the IPO.

More about Mai Khola Hydropower Project | Locals impacted and Nepalese working overseas can now access the IPO.

The project-affected residents of Ilam District and Nepalese nationals residing abroad can purchase shares of Mai Khola Hydropower Project’s initial public offering from 25th Falgun until its conclusion on 9th Chaitra, 2079. It should be highlighted that if the early closing date is not met, the issue may persist for residents of the Ilam District until the 24th Chaitra.

See also  Asian Hydropower IPO Closing for Residents of the Illam District Affected by the Project

Nonetheless, the problem won’t persist through the early closure date for Nepali nationals who work abroad. Residents in the Ilam District who the project will impact received 10% of the company’s 39.21 crores in issued capital, or 392,157 unit shares, valued at 3.92 crores.

Afterward, 15,29,411 unit shares will be made available to the general public, representing 39% of the company’s outstanding capital. 10% of the shares, or 152,941 units, are for Nepali nationals employed abroad. The offering will begin right now.

The minimum and maximum application quantities for the project’s locations are 10 and 10,000 units, respectively. The minimum and total application numbers for Nepali nationals working abroad are 10 and 50,000, respectively. The issue manager has been selected as Prabhu Capital Ltd. There will be a 51:49 promoter-public share ratio following this IPO.

For more related content, please follow, Wapnepal. 

Related Recent posts:
  1. Ingwa Hydropower | IPO for Locals and Nepalese Workers Working Abroad begins on March 5
  2. The Trishuli Jal Vidhyut Corporation will stop selling its IPO shares on the 17th day of Falgun 2079.
  3. Aatmanirbhar Laghubitta is releasing 1,69,755 Units of IPO Shares starting from Falgun 11.
  4. From Falgun 10th, Molung Hydropower has stopped selling its 22,64,655 IPO units to the general public.
  5. Molung Hydropower is releasing 22,64,655 Units of IPO Shares from 4 Falgun in its initial public offering (IPO).
  6. Residents of the Sankhuwasabha District and Nepalese living abroad would receive IPO shares from Menchhiyam Hydropower starting on the tenth falgun.
  7. Bhugol Energy Development Company | Issuing IPO Shares to Nepalese Employee working abroad and Locals of Dailekh District from 8th of Falgun.
  8. Makar Jitumaya Suri Hydropower Company has offered IPO shares to residents of the Dolakha District and Nepalese workers overseas, from Magh 15
See also  Residents of the Sankhuwasabha District and Nepalese living abroad would receive IPO shares from Menchhiyam Hydropower starting on the tenth falgun.