Mountain Hydro Ltd. issues IPO from today
March 7, 2019 | Investopaper
Mountain Hydro Ltd. is issuing initial public offering (IPO) from today (Falgun 23). The hydropower company is going to issue 18,16,110 shares as the IPO. Also, the company has reserved 36,322 shares to employees and allotted 40,000 shares to mutual funds. The general public can apply for the remaining 17,39,788 shares.
Related: How to apply IPO/FPO/Right Share through Mero Share?
Siddhartha Capital is the issue manager for the IPO of Mountain Hydro Ltd. The IPO issue will close at Falgun 28 if fully subscribed. Otherwise, the IPO will be extended to Chaitra 22, 2075.
The interested applicants can apply for a minimum of 50 shares and a maximum of 80,000 shares.
ICRA Nepal has assigned IPO grade 4 rating to the issue which indicates below average fundamentals.
