Panchthar Power Company issues IPO from today

February 25, 2019 | Investopaper

Panchthar Power Company is issuing initial public offering (IPO) from today (Falgun 13). The hydropower company is going to issue 17,50,250 shares to the general public. Also, the company has reserved 2% shares or 35,005 units to employees and 5% shares or 87,512 units to mutual funds. The general public can apply for the remaining 1,627,733  shares.

Related: How to apply IPO/FPO/Right Share through Mero Share?

Sanima Capital is the issue manager for the IPO of Panchthar Power Company. The IPO issue will close at Falgun 16 if fully subscribed. Otherwise, the IPO will be extended to Chaitra 12, 2075.

The interested applicants can apply for a minimum of 10 shares and a maximum of 9,620 shares. 

Care Ratings Nepal has assigned IPO grade 4 rating to the issue which indicates below average fundamentals.


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