Tuksar Pikhwa Khola Hydropower Limited IPO Opens Today

Tuksar Pikhwa Khola Hydropower Limited has opened its Initial Public Offering (IPO) today for local residents affected by the project and Nepali workers abroad.The company has received approval to issue 42,30,668 shares, which accounts for 35.26% of its total capital of NPR 1.2 billion (120 crore rupees).Out of these shares, 1.2 million shares are reserved for the local residents of Bhojpur district who are affected by the project. Additionally, 303,067 shares are allocated for Nepali workers abroad, 151,533 shares for collective investment funds, and 60,613 shares for the company’s employees.The IPO allows applications for a minimum of 10 shares and a maximum of 50,000 shares. The application deadline for the local residents affected by the project is from March 11 to March 26, while Nepali workers abroad can apply from March 1 to March 11.The IPO issuance and sales manager for the company is Prabhu Capital Limited.