As of today, Poush 13, Supermai Hydropower Limited is shutting its initial public offering (IPO) to people of the Illam District who the project will harm. The issue started on Mangsir 21, 2079. Supermai Hydropower IPO Closing for Illam District Residents Affected by the Project Begins Today.

Notice Date: Jan 12, 2023

Supermai Hydropower IPO

In 2071, the Super-Mai hydropower project Ltd. was established with the backing of prominent individuals from the hydropower development, financial, and business sectors. Its main goal is to produce energy utilizing cutting-edge technology in a way that is secure, inexpensive, dependable, effective, and considerate to the environment. The organization’s primary goal is to produce and supply energy from various sources using hydropower.

To fulfil this objective. The Company plans to organize and use the existing financial and technological resources. One project after another is being built in the country. To help as much as possible meet the nation’s energy needs while ensuring investors receive enticing returns.

Supermai Hydropower IPO Closing for Illam District Residents Affected by the Project Begins Today

More about Supermai Hydropower IPO Closing for Illam District Residents Affected by the Project Begins Today

Residents of the Illam District who the project would impact have received 5,00,000 unit shares worth five crore rupees, or 10% of the Company’s 50 crore rupees in issued capital. A further 500,000 unit shares, or 10% of the Company’s outstanding money, will be made public. For Nepalese nationals employed abroad, 10% of the 50,000 shares, or shares, of this public offering have been set aside. The promoter-public ratio will be 80:20 after this IPO is over. The window for IPO applications from Nepalese nationals working abroad concluded on Poush 6.

Applications must be submitted to at least ten units and up to 20,000 units by project-affected residents and Nepalese nationals living and working abroad. Sanima Capital Limited was already the issue manager’s name. The business intends to end today’s deadline since the offer has already received more interest than it can handle. The project’s impacted residents now have until 21 Poush 2079 to submit their IPO requests.

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