Tuksar Pikhwa Khola Hydropower Limited IPO Open

Tuksar Pikhwa Khola Hydropower Limited has started the IPO issuance and sale today (February 27). The company is issuing the IPO for the local residents of the affected areas and Nepali citizens working abroad.The company has been authorized to issue 42,30,668 shares, worth 35.26% of its capital of NPR 1.2 billion. Of these, 120,000 shares are designated for the affected local residents of Bhojpur district, and they can apply for the shares.For the general public investors, 303,067 shares, 151,533 shares for collective investment funds, and 60,613 shares for the company's employees have been allocated.Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.The company's rating has been assigned as CARENP Double B Plus Issuer Rating by CARE Ratings Nepal, indicating average risk in fulfilling its obligations.Prabhu Capital Limited is the issue manager for the IPO, and application forms are available at various bank branches and offices.